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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)
Feb 1, 2012

Exxon still quiet on Kurdish deals

Exxon declined to report its KRG deals in a quarterly filing, but disclosure rules could require the company to break its silence in February.

Jan 30, 2012

Gas fuels Kurdistan’s power politics

Iraq's Kurdish region is meeting nearly all its power needs by investing in natural gas fields – and, in a strategic calculation, it's willing to share.

Jan 27, 2012

New exports hit technical delay

Iraq postponed its heralded public opening of a new export system, but major infrastructure plans are still moving forward, including a new $1 billion West Qurna 2 contract.

Jan 19, 2012

New Iraq oil exports by Jan. 31

Iraq's Oil Ministry announced a timeline to bring new exports online, as well as its first new oil field discovery in 30 years, and 2011 oil and revenue statistics.

Jan 18, 2012

Luaibi to Iran for Hormuz threat talks

Iraq's Oil Minister, also president of OPEC, will be in Iran Thursday as pressure mounts over Iran's threat to shut Strait of Hormuz for oil flow.

Jan 17, 2012

Beyond the Headlines: Jan. 9-15

More power to Basra Electricity DGs under investigation Diyala crisis continues Kirkuk airbase dispute resolved

Jan 13, 2012

Iraq aims to reduce IOC red tape

PM Maliki has ordered his government to ease logistical restrictions that have slowed foreign oil development, though companies have not yet seen improvements.

Jan 9, 2012

Beyond the Headlines: Jan. 2-8

Kirkuk clashes with NOC Anbar federalism debate continues Cabinet OKs draft investment treaty Iraq seeks more Iranian energy