Iraqi Kurdistan resumes oil production of up to 230,000 bpd after drone attacks
Iraq's Kurdistan region has resumed oil production at all fields except Sarsang, with output reaching up to 230,000 barrels per day, after drone attacks had halted operations. The resumption follows a request from Iraq in June, and production is partly used for domestic consumption. Separately, the region's natural resources minister highlighted the need to increase refining capacity, as local demand far exceeds current output.
Why it matters: This development bears on the theme of energy security and supply chains, as it affects oil production and refining in a region impacted by regional conflict and export disruptions.