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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)

Beyond the Headlines: July 23, 2012

Wasit controversy over Ahdab incident Army recruiting former regime officers Dhi Qar army redeployed toward Syria Garraf field prepares first oil

Chevron announces KRG block buy

The second-largest American oil company has bought two blocks from India's Reliance - another coup for the KRG, following last year's ExxonMobil deal.

Beyond the Headlines: July 17, 2012

Dhi Qar courts refinery investors Basrawis impatient for power Oil Ministry to pay war victims Neglected electricity equipment damaged

Parliament to investigate Ninewa-Exxon talks

After Kurdistan and Exxon appeared to win a key ally in Ninewa Gov. Atheel Nujaifi, a Parliament committee has been formed to investigate their oil negotiations.

Beyond the Headlines: July 9, 2012

Muthanna confronts smuggling gangs Cabinet passes $9B budget supplement Basra MP targets IOC profits Petronas faces Dhi Qar ire

Beyond the Headlines: July 3, 2012

Basra holds anti-Allawi summi Dhi Qar files Garraf suit Bai Hassan well 20 leak stopped Missan says agro-lands confiscated