Oil exports from Iraq's southern terminals have fallen by 170,000b/d so far in January, with the country implementing a further 40,000b/d during the month.
Norwegian oil and gas operator DNO has discovered oil in Peshkabir-2 well’s Cretaceous horizon in the Peshkabir field, currently being drilling in the Kurdistan Region of Iraq.
Iraq claimed that the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut.