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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)

China brings Ahdab field online

After renegotiating a Saddam Hussein-era contract, the China National Petroleum Corp. starts pumping Ahdab oil.

Beyond the Headlines: July 18-24

Iraq negotiates Syria export deal U.S. funds Basra refinery project Kirkuk reconciliation official killed Measures against electricity thieves

Beyond the Headlines: July 4-10

More oil infrastructure attacks Baghdad moves on power plant deals Dhi Qar leaders decry U.S. forces Violence spikes in Anbar

Iraq oil money retains US protection

American immunities still protect Iraqi money held in U.S., but expiration of U.N. sanctions leaves other assets vulnerable to reparations and debt claims.