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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)

Rumaila on the rise

After steady production gains, Iraq's largest oil field is mobilizing for further work even as its developers renegotiate the parameters of the contract.

No Akkas gas to Syria

Kogas and the Oil Ministry have cancelled plans for temporary exports of Akkas gas to Syria, instead focusing on internal infrastructure development.

Exports drop to 15-month low

Iraq's oil exports took a hit in June due to pipeline sabotage, bad weather, and ongoing disputes with Kurdistan.

Lost in the oil boom

Residents living near some of Iraq's biggest oil fields say the massive projects have brought few tangible benefits and many big problems.

KRG gas plant’s potential hangs on negotiations

The Khor Mor gas facility has powered Kurdistan's development, but its potential has been hampered by political and economic uncertainty, and its future hinges on ongoing contract talks.

Kurdistan export pipeline nearly complete

A nearly complete natural gas pipeline has been turned toward the Turkish border for crude exports, bolstering the KRG's threats to sell its oil with or without Baghdad's cooperation.