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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)
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 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 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

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.