Despite ongoing Erbil/Baghdad uncertainty, IOCs are advancing investments. 

Anglo-Turkish firm Genel confirmed at its annual results presentation on 22 March that its Bina Bawi asset (100%) contains a “Jurassic oil reservoir [that] can be developed entirely separately to gas.” This potentially paves the way for expedited stand-alone development of the field’s 37mn barrels (2C) oil reserves.

Oil reserves are modest, but additional production would be warmly welcomed...