Thirteen deals from the May licensing round were finalized and signed at a ceremony in Baghdad, as Chinese firms further expand their footprint in Iraq’s oil sector.
September production drops in response to OPEC quota pressure
Iraq cut output at state-operated fields and shifted maintenance schedules in a bid to improve OPEC-plus compliance.
Iraqi Prime Minister Mohammed Shia al-Sudani (right) meets with Oil Minister Hayyan Abdulghani (center) and Deputy Oil Minister Ali Maarij (left) on Oct. 27 to discuss issues related to OPEC-plus as well as contracts signed earlier that day that were awarded in the "five-plus" and sixth licensing rounds. (Photo credit: Oil Ministry)