Energy

Iraq races to finalize oil deals ahead of elections

Sudani administration activates a major contract with BP and strikes preliminary agreements with ExxonMobil and Chevron as national elections near and deal-making window starts to shut.

Iraqi Prime Minister Mohammed Shia al-Sudani (standing, center), BP CEO Murray Auchincloss (standing, left), and Oil Minister Hayyan Abdulghan (standing, right) oversee the signing of a deal for BP to rehabilitate Kirkuk oil fields and build gas processing and power generation infrastructure at a ceremony in Baghdad on March 26, 2025. (Photo credit: Prime Minister's Office)

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.

Dec 3, 2012

As Kurdistan oil booms, deal-making accelerates

Erbil has entered an exuberant season of mergers and acquisitions, as super-majors rush in and smaller companies feel the pressure – from shareholders and the KRG – to cash out.

Nov 29, 2012

Kurdistan slashes oil exports over payment feud

Under pressure from companies frustrated by political deadlock, the KRG has cut its exports in half.

Nov 25, 2012

Beyond the Headlines: Nov. 25, 2012

Second SPM pipeline ready Basra opens large pipe plant Korean envoy to Anbar over Akkas Turkey lauds Basra investments

Nov 15, 2012

Q&A: US Special Inspector General for Iraq Reconstruction Stuart Bowen

The veteran American investigator talks about the large-scale, institutionalized corruption that continues to plague Iraq, including the recent shakeup at the Central Bank.

Nov 14, 2012

Q&A: Garraf Oilfield Director Settar Mahdi Jabara

The Garraf field leader discusses the status of drilling and the well program to reach initial production.

Nov 13, 2012

Exxon notifies Baghdad of intent to sell West Qurna 1

After receiving an ultimatum from Baghdad, Exxon is heading for the exits – and Iraq's top oil official says more companies may soon be forced to follow.