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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)
Jan 28, 2011

No country for oil smugglers

Iraq's Oil Police have seized the momentum in the country’s battle against outlaw smugglers, and Iraq Oil Report is along for the ride. With production set to skyrocket, their challenge has just begun.

Jan 21, 2011

Power problems may continue through summer

The Electricity Ministry says long-term plans are on schedule to meet public need, though power protests in Kirkuk and extended blackouts in Baghdad raise the specter of worsening electricity shortages this summer.

Jan 14, 2011

Ministry presses forward on deals

Abdul Karim Luaibi has been on the job less than a month, but his Oil Ministry appears to be building momentum toward holding a fourth bidding round and jump-starting stalled deals.

Jan 14, 2011

Iraq targets logistics hurdles

Iraq's Transportation Ministry holds a conference aimed to facilitate collaboration among government ministries and foreign oil companies in support of the upcoming, massive oil production increase.

Dec 16, 2010

Iraq to lose UN protections on oil money

Iraq has six months to reach payment deals with Kuwait and other creditors, a doable but critical task that will make or break the country’s financial foundations.

Dec 16, 2010

UPDATE: Kurdish oil demands to Maliki revealed

According to previously undisclosed communiqué, Kurdish leaders want specific oil and revenue laws passed in 2011 and say KRG should decide constitutionality of its oil deals.

Dec 9, 2010

Interview: Thamir Ghadhban

The top oil adviser to the Iraqi prime minister talks about the Akkas gas field row, moderated oil production forecasts, and balancing Iraqi potential with market fundamentals.

Dec 9, 2010

Courting foreign business

A new court for foreign investors in Iraq to test judiciary's independence while providing a legal forum for contractual disputes, including in the oil sector.

Dec 6, 2010

Interview: government spokesman Ali al-Dabbagh

Iraq Oil Report talks to Iraqi government spokesman Ali al-Dabbagh about the massive deficit spending, the budget implications on the KRG-Baghdad dispute – and how it may end.