Kurdistan Regional Government (KRG)

The October 2017 loss of Kirkuk to the central Iraqi government immediately deprived the Kurdistan Region of nearly half of its then-600,000 b/d production. Erbil has since exceeded expectations in bringing output back above 400,000 b/d as higher oil prices and the continuation of payments to IOCs has facilitated higher investment in oil field development.

29 Apr, 2022

Featured

ExxonMobil Quits KRG

Exxon’s bold 2011 Iraqi Kurdistan entry sent shockwaves through Iraq. A decade later the US major has quietly packed its bags and quit its last remaining asset, Pirmam, without producing a drop from any of the six blocks it picked up. With West Qurna-1 being quit, Exxon is close to exiting Iraq altogether.

KRG Oil Production ('000 b/d)

Oil & Gas

10 Jun, 2022

Top Story

KRG Oil Sector In Crosshairs As Baghdad Steps Up Legal Attacks

Baghdad’s attempts to aggressively implement a court ruling against the KRG oil sector are creating an increasingly-hostile climate for Kurdistan-focused IOCs.