Iraq plans to increase oil production to 6 million bpd by 2029: ministry 

“The ministry seeks to increase oil and gas production capacities within a clearly defined five-year plan, targeting a ceiling exceeding six million barrels per day between 2028 and 2029."

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Kurdistan’s oil exports could resume next week: MP

The MP noted that there are several points that are up for discussion, but stressed that the first step would be the resumption of exports.

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US urges Baghdad to ‘pay arrears’ owed to US oil companies working in Kurdistan Region

“The National Security Advisor urged the Iraqi government to work with the Kurdistan Regional Government to address remaining contract disputes and pay arrears owed to U.S. energy companies,” Waltz wrote in a post on X

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IOCs demand Erbil, Baghdad meet conditions before resumption of oil exports

“Fair and transparent agreements are necessary that include payment surety, transparent implementation of Iraq’s budget law stipulations, and resolution of payments that are in arrears,” read a statement from APIKUR

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EXCLUSIVE: Erbil, Baghdad, IOCs to meet again Thursday; previous meeting fruitless

Erbil, Baghdad, and oil companies will meet again on Thursday after an anticipated Tuesday meeting was cancelled and another meeting earlier in the week was fruitless.

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EXCLUSIVE: Kurdish oil export to resume by late next week

Kurdistan Region's oil exports will likely resume by late next week, Iraqi sources told The New Region on Wednesday.

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Iraq, BP sign agreement to rehabilitate four fields in Kirkuk

The agreement is to develop the four main Kirkuk fields, "ensuring investment in associated gas as well as rehabilitating and expanding gas facilities in the North Gas Company and establishing a power station with a capacity of 400 megawatts..."

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US moves to impose sanctions on Iraq: Deputy speaker of parliament

Shakhawan Abdulla says that during meetings he held with officials in Washington last week, he received "explicit confirmation" that the American administration has repeatedly sent messages and warnings to the Iraqi government about the smuggling of oil and dollars to Iran, as well as armed groups, but Baghdad did not consider these warnings.

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Iraq faces economic strain as OPEC+ maintains oil production cuts

Iraq remains bound by OPEC+ production limits, preventing it from increasing oil output despite its economic dependence on crude exports. While the country aims to boost growth, strict production caps have reduced its ability to capitalize on global demand. With production disruptions from a fire at Rumaila field and upcoming OPEC+ talks in April, Iraq rejects further cuts but struggles to influence the alliance's policies.

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