Subscribe 

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)

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.

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.

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.

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.