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)

Jun 3, 2010

Iraqi explorers plan to ride oil sector expansion wave

The head of Iraq's Oil Exploration Company is looking to partner with foreign firms to play a major role in the country's oil development.

May 28, 2010

IOCs, diplomats tout foreign investment in Iraq oil boom

Tour of Rumaila field organized by UK and US embassies intended to show support for Iraq plan to massively boost oil exports, overcome obstacles.

May 28, 2010

Power plans confront fuel, infrastructure problems

Iraq's deputy electricity minister explains to Iraq Oil Report how a recent drop in capacity highlights the struggles and (soon-to-be) success of power sector development.

May 28, 2010

Iraq considers natural gas and oil ties to Iran

Pipelines to and from Iran seen as way to ease fuel demands for power plants and diversify oil export options.

May 28, 2010

Plans vague, rely on oil

A new 5-year plan for economic and social development in Iraq offers little details, but relies on oil exports to double and fund projects that will only succeed if security improves.

May 25, 2010

Private fuel sellers protest profit caps

Fuel dealers decry Oil Ministry policy restricting retail prices and limiting profits.

May 18, 2010

Ministry plans symposium to overcome hurdles

Oil Ministry looks to face challenges of reaching 12.5 million bpd by bringing together its staff, other ministries, and officials from international oil companies.

May 18, 2010

UPDATE: Iraq steps up efforts to lure refinery investors

UPDATE: date change Conference for four big refinery projects could more than make up for fuel demand, leaving foreign investors export options.

May 17, 2010

CNOOC, TPAO finalize Missan fields contract

Twelfth contract signed with foreign firms since 2008 will push production capacity to more than 12.5 million bpd within seven years, boosting Missan province's oil standing. And more deals may be in the pipeline.

May 13, 2010

Obama continues U.S. immunity from claims to Iraq’s oil dollars

POTUS protects Iraq from creditors in continuation of 2003 policy. Companies and countries claim Iraq owes billions in unpaid debt and damages from Saddam Hussein era.