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Energy

Iraq races to finalize oil deals ahead of elections

Sudani administration activates a major contract with BP and strikes preliminary agreements with ExxonMobil and Chevron as national elections near and deal-making window starts to shut.
Iraqi Prime Minister Mohammed Shia al-Sudani (standing, center), BP CEO Murray Auchincloss (standing, left), and Oil Minister Hayyan Abdulghan (standing, right) oversee the signing of a deal for BP to rehabilitate Kirkuk oil fields and build gas processing and power generation infrastructure at a ceremony in Baghdad on March 26, 2025. (Photo credit: Prime Minister's Office)
Apr 19, 2012

Exxon out of 4th bid round

Iraq's fourth contract licensing round is on for May 30-31, and the Oil Ministry has confirmed the final list of companies. Exxon is out.

Apr 16, 2012

Beyond the Headlines: April 15, 2012

Weatherford security firm targeted Additional power barges contracted New Buzurgan wells flow Jordan denies Iraq-Israel smuggling

Apr 9, 2012

Beyond the Headlines: April 8, 2012

Missan disputes KRG smuggling allegations Halfaya on track for 70k bpd in June Iraq works to address water crisis More changes in Dhi Qar police

Mar 30, 2012

Baghdad courting BP in Kirkuk

After a two-day visit to Kirkuk field from BP, Iraqi oil officials say the British major is poised to submit a development proposal despite objections from Kurdish officials.

Mar 29, 2012

KRG oil deals buoyed by refinery plan

Kurdistan's export agreement with Baghdad is deteriorating and its production capacity is rising – so the region is relying more and more on an expanding refining sector.

Mar 22, 2012

SPM stopped, investigation ended

Iraq's new export system has been shut for maintenance after loading one tanker, while the IG has concluded an internal corruption review related to the Leighton contract.