The Islamic State militant group is staging increasingly bold attacks on both security forces and civilians in northern Iraq, with energy infrastructure also at risk.
Production continues to increase as Iraq takes advantage of rising OPEC-plus quotas.
Iraq has begun enforcing legislation that prevents foreigners from owning a majority stake in any Iraqi company, casting new uncertainty on an already difficult investment climate.
Infrastructure bottlenecks will limit Iraq's exports and production in the short term, but SOMO is squeezing value from oil sales through new marketing strategies.
Developments in Afghanistan have cast a shadow over the U.S. role in supporting anti-ISIS forces in Iraq, but the longstanding Peshmerga commander says there's no sign of an American pull out.
More in Energy
As Kurdistan's authorities crack down on flaring, a $110 million project by Norway's DNO shows how capturing the associated gas produced along with crude can help both the environment and the bottom line.
More in Politics
Erbil has now received $138 million payments in both July and August, as a fragile political deal revives financial flows that had been stalled since October 2020.
More in Security
Gaps remain between Iraqi and Kurdistan region security forces in northern Iraq, and insurgents are still able to carry out attacks against energy infrastructure, kidnap and kill civilians, and ambush security forces.
- Multiple Basra fires expose poor safety standards
- Escalating PKK war raises threat of intra-Kurdish conflict
- Baghdad-Erbil security cooperation raises hope for counter-insurgency fight
- Insurgents bomb Bai Hassan oil field, exploiting security gaps
- The Royal Court restaurant, the oil insider, and the $100,000 bribe