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)

Aug 6, 2010

BP lawsuit future uncertain

Ex-MP vows to continue challenge but raising hundreds of thousands of dollars, attorney fees and alleged threats have taken toll.

Aug 3, 2010

Iraqi nat gas future bright, though uncertain

Iraqi officials and IOC execs meet in Istanbul, altering plans for the upcoming auction of three fields, amid rumors of a gas deal with Iran.

Aug 2, 2010

American base in Basra on frontline of oil boom

The U.S. and British troops and diplomats based at COB Basra see themselves forming a crucial conduit for foreign oil companies entering Iraq's southern oil sector.

Jul 26, 2010

Shahristani clamps down on electricity unions

Energy minister delivers another blow to unions that global labor recognizes but Saddam-era laws still prohibit.

Jul 21, 2010

IOCs and ministries air concerns in long haul to 12.5 M bpd

Progress but no solutions to potential obstacles, as global oil companies contracted to dramatically increase oil production meet in closed-door symposium with Iraqi oil and other ministries.

Jul 8, 2010

Petronas preparing for drilling in Garraf

Petronas Malaysia is gearing up for production at Garraf oilfield, after disgruntled tribal leaders tried to extract illicit payments in exchange for their permission to drill.

Jul 8, 2010

Electricity shortfall hits poor Iraqis hardest

Those who can’t afford expensive generators or the fuel to run them suffer the greatest discomforts and dangers of Iraq’s extreme summer heat.

Jun 30, 2010

Details of Shell gas deal emerge

Iraqi official confirms plans for LNG export, but promises to meet domestic power demands before sending natural gas abroad.

Jun 30, 2010

Shell gas deal sees movement, not finality

Iraq's cabinet gave an initial authorization to the natural gas joint venture being negotiated between the Oil Ministry, Royal Dutch Shell and Mitsubishi, but – contrary to some media reports – a final contract is far from certain.

Jun 28, 2010

Iraq offers investors shot at new refineries

Iraqi oil leaders are offering four new projects to foreign investors with the ambition of more than doubling the country's refinery production.