KRG keeps registering growth
Isolated from instability in the south, the pioneers of the north’s independent oil industry are quietly pushing ahead
Attention on Iraq's oil sector typically focuses on the giant fields in the federally-governed south. But the independent oil industry in the autonomous north under the aegis of the Kurdistan Regional Government (KRG) has been broadly flourishing over the past two years—despite nominal opposition from Baghdad on the grounds of alleged unconstitutionality. The KRG last published production data a year ago; but output is believed to be running at 450,000-500,000bl/d, and is gradually rising, chiefly on the back of renewed investment by the territory’s three stalwart foreign operators. A bedrock of around 200,000bl/d comes from the locally-managed Khurmala Dome portion of the giant Kirkuk field

Also in this section
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
11 March 2025
Direct air capture is still in its infancy, but organisations are seeking to leverage global collaborations and AI to discover new materials, with an aim of scaling up the technology and cutting costs