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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)

Kurdistan rushes to expand refineries

The KRG trying to become a self-sufficient producer of fuel – a goal made more urgent by intensifying security and political challenges.

Exports reverse three-month slide

September was the third-highest month for oil exports in 2014, as Iraq's new oil minister sets his sights on removing infrastructure bottlenecks and other obstacles to development.

Exports lag due to violence

Despite rising production, Iraq's monthly exports fell in August due to infrastructure delays and disruptions stemming from the rise of ISIS.