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Energy

Iraqi oil exports stagnate at two-decade lows as wartime restrictions persist

April oil sales fell to one-twelfth of pre-war volumes as Basra exports restarted and stalled, and northern exports hit a plateau.
A worker checks the valve gears of pipes linked to oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned pipeline company Botas. (UMIT BEKTAS/Reuters)
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 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 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.