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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)
Feb 13, 2012

Oil exports set to increase Maliki’s position

The first oil of a massive export expansion project is heading to the first tanker, a seven-10 day process that will end with an embattled government in a stronger position.

Feb 1, 2012

Beyond the Headlines: Jan. 23-29

Electricity separatism in Dhi Qar Missan targets oil increase Awakening under attack Parliament to shake up Basra security

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.