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)

Oct 22, 2013

UPDATE: Dana Gas takes Kurdistan to court

Kurdistan's only gas producer has initiated arbitration proceedings against the KRG's Ministry of Natural Resources, alleging years of frustration and hundreds of millions of dollars in unpaid bills.

Oct 16, 2013

Sonangol considers Iraq exit amidst security woes

After numerous attacks on facilities and personnel, the Angolan state company appears to be pulling back from its Qaiyarah and Najmah oil field projects.

Oct 16, 2013

Basra negotiates Iran gas pipeline

A bilateral gas pipeline deal between Basra province and Iran could circumvent Baghdad's energy sector authority and conflict with UN sanctions.

Oct 11, 2013

Iraq lands first refinery investor

Swiss firm Satarem has signed a "binding MoU" to build and operate a $6 billion refinery in Missan province – the Oil Ministry's first success in attracting private refinery investment.

Oct 2, 2013

September exports down by 500K bpd

Upgrades to Gulf export facilities are shutting in exports, as expected, while persistent attacks and reservoir problems have challenged northern output.

Sep 24, 2013

Analysis: The future of Iraq’s political economy

Bureaucratic hostility toward private business is sustaining a culture of corruption that threatens the country's economic growth and political stability.

Sep 19, 2013

Kurdistan signs first gas sales contract

A new contract with DNO and Genel will help the KRG wean itself off costly diesel for power generation, and set a baseline domestic gas price for oil companies evaluating potential new development.

Sep 18, 2013

Export dip to yield massive expansion

A new offshore platform will be the cornerstone of Iraq's revitalized southern export infrastructure, though its installation is causing a temporary drop in exports.

Sep 13, 2013

BP signs Kirkuk deal for consulting, not drilling

The British super-major will give technical advice, but political disputes still prevent any development deal that would put work boots and rigs on the ground.

Sep 10, 2013

Gulf Keystone wins legal battle over Kurdistan assets

The operator of Kurdistan's largest oil field has beaten a $1.6 billion claim, clearing a major hurdle in the company's quest to develop its assets – or position itself for a potential takeover.