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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)

IOCs happy with Nassiriya terms

After months of solicitation, the Iraqi Oil Ministry has produced a contract model that IOCs appear happy with, though the real test will be at the bidding round.

Oil from Kurdistan pipeline enters Turkey

In a final stage of testing before exports can begin, Kurdistan has begun sending crude through its new pipeline and into Turkish territory, despite unresolved conflicts with Baghdad.

Oil exports continue rebound

Iraq's oil sales rose through both southern and northern export routes despite ongoing upgrades, maintenance and security issues.

Exxon preparing to drill in Kurdistan

Two years after taking center stage in Iraq's oil disputes with its signing of six KRG production sharing contracts, ExxonMobil is about to start drilling for oil.

Q&A: Abdul Karim Luaibi

Iraq's Oil Minister discusses 2014 exports, the Kurdish quota, postponing the fifth bidding round and more.