It was the flagship project of Genel Energy, one of the KRG's lynchpin oil partners. Now the company says Taq Taq is less than 10 percent the size that was once advertised.
Exports are stable and no serious injuries were reported after one berth of the al-Basra Oil Terminal was badly damaged by a collision with a massive oil tanker.
- Special Report
Detailed updates from Islamic State militant-held areas of Ninewa province, gathered via Iraq Oil Report's network of reporters and contacts.
Iraq's Oil Minister is bullish on the country's production targets setting another record this year.
Political "chaos" and financial struggles aren't stopping the Kirkuk governor from courting BP and bolstering defenses against the IS group.
More in Energy
Newly released official data for January and February show reduced federal oil sales – more evidence of Iraq's efforts to comply with an OPEC quota agreement.
More in Politics
Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.
More in Security
Security forces affiliated with Kurdistan's ruling KDP party have deployed near several PKK-heavy areas, raising the prospect of more violent confrontations.