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Energy

Iraq seeks backup options for West Qurna 2

As a sanctions deadline looms, Basra Oil Company is poised to manage the 480,000 bpd field while Lukoil continues negotiating to sell its stake.
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: June 20-26

Rocket attacks shake Basra Senior electricity official killed Pay raise for oil port workers Indentured laborers end hunger strike

Beyond the Headlines: June 13-19

Cabinet funds Iran gas pipeline Tensions in Basra over U.S. presence Halfaya production set to rise Missan takes on de-mining

Beyond the Headlines: June 6-12

Local battle over Missan Oil Co. chief Pilot electricity upgrade completed Basra courts Japan, Iran investment Maliki to chair water task force

Kurdish oil boom begins

Despite major unresolved political disputes, exports hit record levels from Iraqi Kurdistan, which is looking to expand production further as companies begin collecting the payout from Baghdad.

Gas deals make progress

Kogas has initialed the disputed Akkas deal, and the Siba and Mansuriya contracts will be finalized Sunday, though Shell’s Basra venture continues to languish.