Energy

Iraqi wartime production cuts reach 3.6 million bpd

Iraq is navigating acute logistical and infrastructure challenges to maximize refinery consumption and exports while the Strait of Hormuz remains closed.

Workers from the state-run Iraqi Drilling Company (IDC) work on a well at the West Qurna 1 field in Basra in March 2026. (Photo credit: IDC)

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 18, 2010

UPDATE: Iraq steps up efforts to lure refinery investors

UPDATE: date change Conference for four big refinery projects could more than make up for fuel demand, leaving foreign investors export options.

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

Obama continues U.S. immunity from claims to Iraq’s oil dollars

POTUS protects Iraq from creditors in continuation of 2003 policy. Companies and countries claim Iraq owes billions in unpaid debt and damages from Saddam Hussein era.

May 13, 2010

Chinese, Turkish companies to ink Missan oil fields contract Monday

Iraqi Oil Ministry to sign contract for fields offered in June 2009 auction after months of negotiations.

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.

May 7, 2010

Controversial Shell gas deal given to cabinet

Oil Minister said it's now up to the council of ministers to approve joint venture with Royal Dutch Shell and Mitsubishi to capture gas being wasted in Basra.

May 5, 2010

Details of third bidding round to be unveiled Thursday

Three gas fields to be offered to foreign investors in Iraq's third auction of hydrocarbons assets since June 2009.

May 3, 2010

Investors face more risks than mere violence

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.