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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)

Q&A: IEA Chief Economist Fatih Birol

The principal author of the IEA's exhaustive new report on Iraq discusses why he believes the country will drive the growth of world energy supplies for decades.

Beyond the Headlines: Oct. 4, 2012

Dhi Qar rejects radioactive dump Missan oil development continues Diyala fears Baghdad land grab Nujaifi in Kirkuk to promote dialogue

Beyond the Headlines: Sept. 25, 2012

Diyala police thwart al-Qaida jailbreak Missan threatens CNPC lawsuit Missan announces well progress Oil Ministry completes land compensation

Beyond the Headlines: Sept. 18, 2012

Lawsuit in Diyala Gov. controversy Dhi Qar sees tripled petrodollar Missan finishes first Dima well since 1983 Ministry signs power equipment deals

Analysis: Iraq, the world’s new oil powerhouse?

As production pushes above pre-sanctions OPEC quota levels, Iraq is poised to take center stage in the global oil arena – if it can overcome domestic disarray and regional strife.

Beyond the Headlines: Sept. 10, 2012

Diyala gov. candidate faces intimidation Missan demands Majnoon stake Bombing targets Oil Police recruits Dhi Qar still pressing for airport

Strategic KRG pipelines near completion

In a major step towards greater energy sector efficiency – and autonomy from Baghdad – Kurdistan is almost done building the first leg of key gas and oil pipelines.

Beyond the Headlines: Aug. 28, 2012

Key dam at risk of attack Provinces blame Iran for water shortage Buzurgan oil storage completed Missan focused on state factories

Beyond the Headlines: Aug. 23, 2012

Wasit province sues Shahristani Toxic waste plagues Missan Diyala blames Iran for water shortage MP warns of Electricity Ministry corruption

Total continues Kurdish purchase

Despite warnings from Baghdad, France's Total has bought into a third KRG block, increasing the role of major international oil companies in the semi-autonomous north.