Iraq’s Oil Minister has announced a firm stance against attacks on oil companies operating in the country, along with a promise of compensation for any damages incurred. This policy shift marks a departure from the previous approach where Iraq invoked force majeure on foreign-operated fields without offering compensation. The new stance aims to stabilize Iraq’s oil production environment in a region marked by conflicts affecting energy infrastructure. Observers will monitor production levels and geopolitical developments in the Middle East to assess the impact on oil markets.
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