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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)

Pipeline to feed Iraq with Iranian gas

Iraqi deputy minister confirms deal was reached during recent Baghdad meets to ship Iranian gas into Iraq and then to Syria, likely Europe next.

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.

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.

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.

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.