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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)
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.

Mar 19, 2012

Beyond the Headlines: March 12-18

Ex-OPEC ministers launch consultancy Suleimaniya refinery salaries stolen ENI accused of gold-plating Missan calls for de-mining funds

Mar 18, 2012

Exxon deals not frozen, KRG says

There is now a dispute over the intentions of ExxonMobil in Iraq, with the KRG discounting Baghdad's claims that the oil giant will put a hold on its production sharing contracts.

Mar 12, 2012

Beyond the Headlines: March 5-11

Anbar sues for phosphate rights Leadership crisis in Diyala Shell signs power plant deal Southern provinces reshuffle security

Mar 9, 2012

Exxon pressing forward on KRG, Qurna deals

Despite demands by Baghdad that it forsake the north - and US government pressure to freeze operations - CEO Tillerson says Exxon is moving forward on all its deals.

Mar 9, 2012

New export facility loads first oil

Iraq's new single point mooring filled its first tanker Thursday, kicking off a new phase of record exports and easing bottlenecks in the oil sector.

Mar 1, 2012

Output stumbles early in record year-to-be

Oil fields are being curtailed due to infrastructure bottlenecks and delays, reducing exports, and investigators are looking into corruption allegations of a key contractor.

Feb 27, 2012

Beyond the Headlines: Feb. 20-26

Missan plant to be tendered Mansuriya power construction begins Iran to increase power supply Dhi Qar OKs record budget

Feb 25, 2012

Exxon confirms Kurdistan deals

Mindful of Baghdad's anger, the company has publicly acknowledged its controversial Kurdistan play for the first time.