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)

Dec 5, 2011

Beyond the Headlines: Nov. 28 – Dec. 4

Sadr seeks Anbar reconciliation Provinces seek power shift Corruption rocks Elect. Ministry Engineers protest unjust prosecution

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.

Nov 23, 2011

Iraq oil exports down, income up in Oct.

Higher oil prices offset a slight decline in exports as Iraq struggles to maintain post-2003 record year.

Nov 22, 2011

Q&A: Genel Energy’s Tony Hayward and Mehmet Sepil

The leaders of the new Genel Energy talk to reporters about prospects in KRG and beyond, life with Exxon, and sanctity of their deals.

Nov 21, 2011

Beyond the Headlines: Nov. 14-20

Pipeline accident in Basra Cabinet approves two power plants Eni to train Basra farmers Missan decries border closure

Nov 15, 2011

Cabinet approves Shell gas deal

A final signing could come as early as next week, after Iraq's Cabinet approved Shell's deal to capture billions of dollars' worth of associated gas that is currently flared in Basra.

Nov 13, 2011

Beyond the Headlines: Nov. 7-13

Baghdad begins KRG contract audits Iraq hires Japanese power consultants Missan readies claim on Wasit territory Generator barge plugs into Basra port

Nov 13, 2011

Exclusive: ExxonMobil’s blocks in the KRG

First ExxonMobil's move into the KRG was a rumor, then the deals were confirmed without details, and now the six exploration blocks have been revealed.