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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)
May 30, 2012

Six blocks offered, one awarded

A Kuwait-Turkish-UAE consortium takes one exploration block – and five more are left un-awarded – on the first day of Iraq's fourth bidding round.

May 29, 2012

Beyond the Headlines: May 29, 2012

Basra power units unused Missan calls for closer KRG ties Dhi Qar airport plan rejected Iraq promotes Nassiriya refinery

May 23, 2012

Beyond the Headlines: May 22, 2012

Farmers paid for crop losses Kirkuk violence intensifies Protesters decry Missan torture Dhi Qar workers allege health hazards

May 21, 2012

Exxon continues Kurdistan development

With prospective drilling deals, in-country staffing and early-stage exploration activities, the super-major is moving forward with its six KRG contracts.

May 14, 2012

Beyond the Headlines: May 14, 2012

Oil workers protest in south Garraf residents complain of pollution Missan pledges to boost oil output Khanah field to double production

May 10, 2012

Q&A: Ashti Hawrami Part 3

Kurdistan's top oil official makes the case for his region's right to export oil independently.

May 10, 2012

Oil export growth slows

The Iraqi Oil Minister said not to expect a third month of record oil export growth, as the local market needs fuel for the summer.

May 7, 2012

Beyond the Headlines: May 7, 2012

Exxon-IDC ink W. Qurna deal Dhi Qar plans new airport Oil Ministry signs equipment deals IEI signs MoU for Iraq oil schools