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.
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)
