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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)

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

Q&A: Ashti Hawrami

Kurdistan's Minister of Natural Resources explains the history of the semi-autonomous region's export deal with Baghdad, why it all fell apart, and what it will take to re-start.

Beyond the Headlines: April 30, 2012

Security addresses Garraf tribal concerns Progress in Buzurgan, Noor fields Basra moves on Fao port project Iraq signs Beiji power deal

New exports, production from Basra

Iraq has launched its second SPM, increasing exports, and expects a 600,000 bpd increase in production by the end of the year.

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.

Beyond the Headlines: April 15, 2012

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