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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)

Final month for Shell gas deal

A top Iraqi gas official said March meetings are a deadline for proposed joint venture with Royal Dutch Shell and Mitsubishi.

Akkas stalls again

Anbar officials raise objections about gas exports and housing, ceremony to sign draft Akkas field deal postponed for second time since October.

KRG field flows to export pipeline

Iraq has taken its first steps towards exporting 100k bpd of oil from the Kurdistan region, though major issues are still unsettled.

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.

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.

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.

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.