As the PKK disarms under its peace deal with Türkiye, some fighters may join Iran's PJAK, risking a new Iran-Iraq-Türkiye clash. Iran and its proxies have already hit Iraqi Kurdistan 1,000+ times since Feb 28. #Kurds#Iran#Iraq#Turkey
Chevron has secured one year of exclusive rights to negotiate taking over Iraq's supergiant West Qurna 2 field from Russia's Lukoil, via a $200M advance on a signing bonus. Baghdad expects Chevron to double output. #Chevron#Iraq#Oil#Lukoil
Iraq's oil exports have averaged more than 3.4 million bpd so far in October, up about 750,000 bpd from September and close to the 3.3-3.5 million bpd it shipped before the Iran war choked Hormuz traffic. #Iraq#OilPrice#Hormuz#Crude
Iraq devalued the dinar 14.5% to 1,520 per dollar after months of Hormuz disruption cut oil exports, its main revenue. The move lifts the dinar value of dollar oil sales as Baghdad faces a 2027 deficit above 40T dinars. #Iraq#OilPrice#Hormuz
Iraq is building its 2027 budget around $58 oil and roughly 4 million bpd of crude exports, including Kurdistan. Even on those assumptions, lawmakers say spending of 217 trillion dinars would leave a deficit above 40 trillion. #Iraq#Oil#OPEC#Crude
