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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)
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

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 […]

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.