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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)
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 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.

Nov 28, 2011

Beyond the Headlines: Nov. 21-27

Elect. Ministry faces lawsuit over quotas Mehdi Army accused of plot to kill Anbar gov. Missan pipeline, drilling progress Oil development problems in Dhi Qar

Nov 27, 2011

Shell gets its gas deal

After years of negotiations, Shell inks a 25-year gas company joint venture with Iraq, making it the largest investor in the country's oil sector.

Nov 24, 2011

Basra leaders threaten lawsuit

Days before Shell and Iraq are to formalize a new gas company, Basra's local government has voted to file a lawsuit challenging the deal.