The fourth bidding round is now scheduled for May 30-31, as the model contract evolves and IOCs get time to respond.
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Parliament committee could press for formal validation of existing oil deals with Baghdad and KRG, but efforts are being overshadowed by political crisis.
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Genel Energy takeover of Chia Surkh block a bellwether of deal-making and expansion in Kurdistan this year.
Oil optimism buoys draft budget
Anticipating export increases due to new infrastructure and rising Kurdish production, Iraq's Cabinet has approved a record-setting draft budget of nearly $100 billion.
Military ceremony marks the beginning of the unknown
U.S. troops will be gone by the end of the year, and a truly sovereign Iraq is now a country with an uncertain fate.
Pipeline bombed as protests escalate
A pipeline that feeds Baghdad’s Daura refinery was attacked, on the second day of violent demonstrations.
- Iraqi oil contracts hold key to peace?
- Iraq’s production and exports hit records as the northern pipeline experiences security
- Basra break in violence allows oil workers to leave, head to work…
- Pipeline blast in southern Iraq fixed, oil flow rerouted …
- Fighting in Iraq’s oil capital Basra isn’t the first bloodshed between varying political and armed groups but may be the decisive battle for control over the oil sector, local government and the fate of the province.
Cabinet approves Shell gas deal
A final signing could come as early as next week, after Iraq's Cabinet approved Shell's deal to capture billions of dollars' worth of associated gas that is currently flared in Basra.
Analysis: What was Exxon thinking?
Exxon risked its stake in a super-giant Iraqi field and cast its lot with Kurdistan. The gamble might not be as risky as it seems.
Q&A: Barham Salih
Shortly after signing watershed deals with ExxonMobil, the KRG's prime minister discusses the resource curse, the U.S. withdrawal, and the future of Kurdistan's oil sector.
