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)

Aug 14, 2012

Beyond the Headlines: Aug. 14, 2012

Missan governor challenges oil DG Removal orders for pipeline encroachment >Diyala worried about Iran oil development Diyala district to sue MEK

Aug 8, 2012

KRG exports start and Turkey line operational

Late Wednesday fix restarts Iraq's export pipeline into Turkey, and Kurdish crude officially restarted exports.

Aug 7, 2012

Pipeline attack again ahead of Kurdish crude restart

The second pipeline attack in two and a half weeks briefly cut Iraq oil exports into Turkey as regional tensions rise.

Aug 6, 2012

Beyond the Headlines: August 5, 2012

Missan, ministry to oust Total Former officers flock back to Army Power IG more assertive during crisis NOC engineer kidnapped in Kirkuk

Aug 2, 2012

Iraq posts record oil exports in July

Buoyed by southern fields, Iraq rebounds after downswing, earning $53 billion so far this year.

Aug 2, 2012

Gazprom makes Kurdistan entrance, risking Badra

The Russian energy giant is the latest major company to snub Baghdad and enter Kurdistan's oil sector, putting its development of the Badra field in jeopardy.

Aug 2, 2012

Kurds restart exports, extending olive branch

'Goodwill initiative' comes amidst controversy, after Kurdistan signed deals with three majors in two weeks.

Jul 31, 2012

Total defies Baghdad, signs with Kurdistan

The third super-major to sign oil deals with Kurdistan, Total has bought stakes in two exploration blocks from Marathon, risking an existing contract with Baghdad.

Jul 30, 2012

Beyond the Headlines: July 30, 2012

2nd EITI report to include KRG Refinery investment policy criticized Basra worries over river salinity Japanese loans for power plants

Jul 27, 2012

Basra protests Baghdad’s power failures

Basra leaders accused the Electricity Ministry of incompetence after a two-day blackout incited angry residents to protest, amidst 131-degree heat.