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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)
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

Iraq threatens Exxon with blacklist

Top central government officials said Exxon's deal with the KRG for six blocks violates the West Qurna 1 contract and jeopardizes the company's future in Iraq.