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)

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.

Nov 12, 2012

Beyond the Headlines: Nov. 12, 2012

Details of Garraf worker deaths Kidnapping, violence in Kirkuk Rumaila-Zubair pipeline secured Missan to start demining project

Nov 8, 2012

Baghdad blacklists TPAO without explanation

Amidst rising tension between Baghdad and Ankara, Turkish state firm TPAO has been removed from a southern Iraq exploration contract it was awarded five months ago.

Nov 8, 2012

Exxon pressing toward West Qurna sale

In the latest sign that Exxon is looking to sell its major interest in southern Iraq, the company has requested permission to share field data with other companies.