Energy

U.S. sanctions on Lukoil threaten Iraq oil production drop

There is no backup plan for operating the 480,000 bpd West Qurna-2 field, with some Iraqi officials worrying production might need to be cut within weeks.

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)

Jan 28, 2013

Diyala against Iran power import

Local leaders in Diyala province are calling on the government to stop importing electricity from Iran, complaining of unreliable supply and frequent outages. "Most cities of Diyala pay a high price because the bad electricity supply from Iran cuts off for long hours," said community leader Salim Karim al-Shammari, adding that the problem was "creating […]

Jan 25, 2013

Analysis: Exxon enters the political fray

With a landmark visit to Baghdad, ExxonMobil CEO Rex Tillerson has likely inaugurated a new era of engagement in the turbulent politics of Iraq.

Jan 24, 2013

Chevron increases stake in Iraqi Kurdistan oil

American oil major notified of winning bid for Qara Dagh, the company's third block.

Jan 21, 2013

Beyond the Headlines: Jan. 20, 2013

Missan to protect marshes from Iran Basra wants Houston as sister city Missan presses Majnoon field claim Dhi Qar updates field developments

Jan 17, 2013

Iraq, Lukoil finalize West Qurna 2 production drop

Lukoil has extended the life of its West Qurna 2 deal, decreasing the production target and leaving the remuneration fee unchanged.

Jan 9, 2013

KRG crude now exported independently to Turkey

Oil sales demonstrate Kurdish readiness to defy Baghdad and ignore American pressure in a bid to increase ties with Turkey and pay oil companies.

Jan 8, 2013

Beyond the Headlines: Jan. 8, 2013

Kirkuk violence intensifies Basra gets power barge upgrade Missan posts record production Diyala details female prisoner demands

Jan 4, 2013

Iraq caps banner year with export drop

Oil exports fell by 272,000 bpd in December – a steep decline to end a year marked by booming production and significant volatility.

Jan 2, 2013

Iraq sets Jordan pipeline into motion

In an urgent quest for more export capacity and diverse routes, the Oil Ministry is recruiting international firms to build a 1 million bpd pipeline to Aqaba.

Dec 31, 2012

Beyond the Headlines: Dec. 31, 2012

Diyala smuggler crackdown success Lukoil opens WQ2 training center Missan opens oil institute Nassiriya airport plan approved