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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)

Beyond the Headlines: Aug. 15-21

Shootout at West Qurna 2 Missan police leadership vacuum Dhi Qar leader under investigation Kirkuk smugglers thwarted

Contract for next auction in September

Iraq outlines the plan for the two-day roadshow next month where pre-qualified oil companies will get details on the 12 exploration blocks in the January auction.

Beyond the Headlines: Aug. 8-14

Basra prepares for Shell gas deal More clashes between Missan, Baghdad Provinces chafe at power quotas Kirkuk governor favors SOFA extension

Beyond the Headlines: Aug. 1-7

Sadr bans office furniture Missan seeks electricity autonomy Iraq assumes oil port security Dueling lawsuits over Dhi Qar deal

Beyond the Headlines: July 25-31

Basra fails to spend budget Missan vies for foreign investment Oil Police bust smuggling network Kirkuk assassinations continue