More Iraqi oil
The federal government will put all output and exports under its control, while boosting capacity
For Iraq's petroleum sector, critical questions for 2018 arise. First, will production increase—and, if so, how much? Furthermore, after Shell's decision to exit Majnoon, will other oil majors pull out of the giant southern projects? Finally, there's the Kurdish question: what will happen to its energy sector after the mishandled independence referendum, which led to Baghdad reclaiming disputed territory from the Kurds, including Kirkuk's vast oil reserves, and taking control of the Kurdish Region of Iraq's (KRI) main export point at Faysh Khabur on the border with Turkey. Any deal between Baghdad and Erbil will likely adhere more closely to the Iraqi constitution than in the past; but resol
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Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
