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)

Jan 3, 2012

Beyond the Headlines: Dec. 26-Jan. 1

Officials question Ahdab threats City complains of Garraf field limits Local Iraqiya block officials quit UN opens Basra office

Dec 29, 2011

Alleged pipeline bombers arrested

Oil Police parade alleged perpetrators of numerous bombings of recent Basra oil pipelines as threats continue to oil and national security.

Dec 26, 2011

Beyond the Headlines: Dec. 19-25

Anbar's autonomy deadline Missan to file suit against Oil Ministry Iran gets diesel deal Kuwait-Iraq reach fisherman pact

Dec 22, 2011

Iraq oil exports, revenue rebound

November oil sales have ticked up on higher oil prices and volumes, heading into uncertain new year with output expected to rise.

Dec 19, 2011

Beyond the Headlines: Dec. 12-18

Amri: OPEC quota talks to begin Federalism sparks national controversy Missan aims for 190k bpd in 2012 Erbil kidnap rescued

Dec 16, 2011

Iraq talks tough with Exxon

As negotiations with Exxon begin, Deputy Prime Minister for Energy Hussain al-Shahristani said the Iraqi government won't condone contracts signed with Kurdistan.

Dec 12, 2011

Beyond the Headlines: Dec. 5-11

Missan moves on power plans Potential Iraq-Turkey-Syria water pact Attack to blame for power outage Kirkuk violence continues

Dec 10, 2011

Despite nationwide investment, Exxon has Iraq output doubts

ExxonMobil maintains its no comment policy in the post-KRG deal era, though global supply forecast shows caution on Iraq.

Dec 9, 2011

Oil optimism buoys draft budget

Anticipating export increases due to new infrastructure and rising Kurdish production, Iraq's Cabinet has approved a record-setting draft budget of nearly $100 billion.

Dec 5, 2011

Analysis: What was Exxon thinking?

Exxon risked its stake in a super-giant Iraqi field and cast its lot with Kurdistan. The gamble might not be as risky as it seems.