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Energy

U.S. sanctions on Lukoil threaten Iraq oil production drop

There is no backup plan for operating the 480,000 bpd West Qurna-2 field, with some Iraqi officials worrying production might need to be cut within weeks.
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)
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

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