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)

Dec 26, 2012

Q&A: Gen. James Jones

The former national security adviser to President Obama calls for a U.S. policy shift that would embrace Iraqi Kurdistan's oil deals.

Dec 25, 2012

Beyond the Headlines: Dec. 25, 2012

Halfaya farmers protest PetroChina Oil workers abducted in Anbar Missan part of Iran field talks Basra parties maneuver for elections

Dec 24, 2012

Exxon in KRG on track despite warnings, uncertainty

ExxonMobil will spud exploration wells mid-2013 including in disputed areas.

Dec 20, 2012

Kurdistan exports nearly zero as payment hopes thin

Crude exports from Kurdistan have nearly stopped as companies lose faith in the Sept. 13 agreement that promised KRG-Baghdad cooperation and payments.

Dec 18, 2012

Beyond the Headlines: Dec. 18, 2012

Baghdad hosts first Iraq Energy Forum Sadrists protest Maliki comments Dhi Qar approves $100m housing project Missan boosts output to 240k bpd

Dec 18, 2012

KRG pins payment hopes on pipelines

Frustrated by partial oil payments from Baghdad, Kurdistan is pushing for economic autonomy by laying the groundwork for export pipelines through Turkey.

Dec 12, 2012

Beyond the Headlines: Dec. 11, 2012

Archaeological site discovered in Majnoon Dhi Qar on alert after prison plot Oil officials work to resolve Garraf tension Secondary pipeline installed in Rumaila

Dec 11, 2012

Chevron primed to drill, looking for more

Gearing up for exploration drilling, the American super-major is undaunted by political disputes and ready to double down on Kurdistan.

Dec 10, 2012

Q&A: WesternZagros CEO Simon Hatfield

The head of one of the first companies to sign with the KRG discusses the path to commerciality.

Dec 4, 2012

UPDATE: Turkey, Kurdistan push toward massive deal

In negotiations with the KRG and several companies, Turkish leaders have outlined a package of upstream investment and pipeline construction. A final decision is imminent.