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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)
Jan 31, 2010

Lukoil finalizes super-giant W. Qurna 2

As the tenth and final oil deal is inked, oil minister reminds Iraqis that he negotiated the sweetest possible deals in effort to massively boost production.

Jan 22, 2010

It’s a deal

Iraqi Oil Ministry announces an agreement has been reached for three remaining oil deals, all to be signed by end of January.

Jan 22, 2010

Eni in Iraq, inks Zubair deal

Second of three June auction deals is signed with Italy's Eni as Iraq makes way for investment that could lead to 12 million bpd capacity.

Jan 21, 2010

Garraf deal official

Petronas and Japex finalize development deal for Garraf, as ministry readies for another week of oil contract signings and negotiations.

Jan 21, 2010

Japanese consortium running out of time on Nassiriya

Oil Ministry sets deadline for Japanese oil companies to agree to EPC deal for the Nassiriya oil field, but companies short on money want assurance the three-year deal will lead to something more.

Jan 18, 2010

Iraq finalizes oil deal with Shell

Contract for Majnoon becomes the second of an expected 10 oil deals to be signed with the world largest oil companies to develop the world's largest oil fields.

Jan 12, 2010

Rumaila deal challenge now Feb. 1

Federal court hears new arguments, agrees to give time to government to respond to MP's lawsuit challenging legality of BP deal for Rumaila field.