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Energy

Iraq seeks backup options for West Qurna 2

As a sanctions deadline looms, Basra Oil Company is poised to manage the 480,000 bpd field while Lukoil continues negotiating to sell its stake.
A ceremony at the West Qurna 2 oil field in Basra to mark the opening of two new well complexes on June 1, 2023. (JASSIM AL-JABIRI/Iraq Oil Report)

U.S. court takes on Iraq oil disputes

A Texas court has denied a KRG motion to dismiss, and will hear a full-blown trial on the fate of a 1 million barrel tanker of oil exported by Kurdistan.

Iraq’s oil leaders signal cooperation

In a rare joint appearance, the ministers of Iraq's dual oil industries expressed optimism that an interim export deal will lead to productive negotiations.