Subscribe 

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)

Iraq and Turkey negotiate new pipeline deal

Iraq hopes to negotiate terms for a better future for much-attacked northern pipeline, though Turkey concerned it will lose revenue again if security fails.

Interview: Iraq’s Minister of Electricity

Karim Waheed Hasan talks about increasing the power supply but being outpaced by demand, disputes with other ministries, worsening security and sectarianism and politics.

No deal yet on China bid for Missan oil fields

Mixed signals from Oil Ministry on new offer from Chinese consortium for fields offered in first bidding round, which include famed Fakka field that saw Iranian occupation.

Refining the future

Remaining sabotage, smuggling no match - so far - for Iraq's plans to upgrade key oil infrastructure.

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.

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.

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.