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)

May 13, 2010

Chinese, Turkish companies to ink Missan oil fields contract Monday

Iraqi Oil Ministry to sign contract for fields offered in June 2009 auction after months of negotiations.

May 13, 2010

Dhi Qar officials: Petronas too slow in Garraf

Political and energy officials in province express impatience, make plans for expected oil revenue increase, and seek rural access to electricity, after visit to Malaysia.

May 7, 2010

Sept. 1 auction for three gas fields

Forty-five foreign oil companies eligible to bid on three gas fields and jump-start Iraq's massive but under-performing natural gas industry. Minister says 2009 oil auctions a model for Iraq and the region.

May 7, 2010

Controversial Shell gas deal given to cabinet

Oil Minister said it's now up to the council of ministers to approve joint venture with Royal Dutch Shell and Mitsubishi to capture gas being wasted in Basra.

May 5, 2010

Details of third bidding round to be unveiled Thursday

Three gas fields to be offered to foreign investors in Iraq's third auction of hydrocarbons assets since June 2009.

May 3, 2010

Investors face more risks than mere violence

While overall violence in Iraq is at 2004 levels, there is an outstanding – and growing – risk to investors who will operate in a country that remains high in human rights abuses.

May 3, 2010

Sweeter deals for private refinery investments

Iraq has had no takers on crude price and other discounts offered in a 2007 law aimed to get private investors to build new refineries.

Apr 26, 2010

Chinese, Iraqi officials make plans for oil airport

Officials from CNPC and the Iraqi Army based in Missan province are looking to turn a military airstrip into a commercial and cargo hub. The project has received local support and the approval from the provincial governor.

Apr 15, 2010

Third auction: Iraq puts three gas fields on the block

Iraq aims to make push toward natural gas superpower with planned tender of three gas fields previously offered to and passed over by foreign firms.

Apr 15, 2010

Iraq gets better terms on two major deals

Oil Ministry converts larger loan from Exxon and Eni to smaller non-refundable signing bonus. It also received funding from the government to start a fourth state oil company.