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)

Mar 1, 2010

Iraq in, Japan out on Nassiriya deal

Iraq and Japanese consortium unable to reach deal on southern oil field after more than a year of talks.

Feb 25, 2010

Basra gas deal with Shell stalled

Negotiations on joint venture company to capture wasted natural gas have ended and project will be put to tender, said Iraqi Minister of Electricity.

Feb 22, 2010

Tour of a lifeline

Take a walk down the most valuable sidewalk in the world -- the al-Basra Oil Terminal, which Iraq relies on to send nearly 80 percent of its crude to market.

Feb 17, 2010

An $85M a day task

Iraq could export more crude from its southern al-Basra Oil Terminal if there was development onshore of key infrastructure, terminal manager Shukour Taha says.

Feb 16, 2010

Corruption stemmed at Beiji refinery – but for how long?

The director general of the Beiji oil refinery, Ali al-Obaidi, sees a future of violence and corruption that could cripple the facility he saved two years ago.

Feb 15, 2010

The crime-fighting outlaw at Beiji

The man credited with turning the refinery at Beiji from a nest of corruption to a model of productivity has a warrant out for his arrest but holds the trust of American and Iraqi officials.

Feb 9, 2010

New oil boards to form across Iraq

Oil Minister announces new network of boards to deal with oil and gas fields now set to be developed across the country, along with new state oil company.

Feb 4, 2010

Iraq deals could be boost to oil firms’ books

Exxon Mobil is the biggest of the foreign oil firms with new deals in Iraq that are confident they can book the fields' reserves, make shareholders happy.

Feb 4, 2010

Exxon exec optimistic in Iraq entry

Rob Franklin, president of Exxon Mobil Upstream Ventures, speaks to Iraq Oil Report about tough negotiations with Iraq to finalize a contract for one of Iraq's biggest fields.

Feb 3, 2010

Production-sharing contracts: a dying breed?

EDITOR'S NOTE: The issue of production-sharing contracts (PSCs, also called production-sharing agreements, or PSAs) in Iraq is a contentious one. Encouraged initially by American advisers as the best means for investment in post-war Iraq by, the system, which allows oil companies to take a share of the profits of all oil extracted, can mean that […]