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)

Jan 18, 2010

Exxon and Eni agree to Iraqi terms for major oil contracts

World's largest oil companies end seven-month debate on billions-dollar investment and will soon sign contracts for two of Iraq's biggest oil fields.

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

Sour grapes refined to wine in post-oil auction Diyala

Officials in Diyala province, miffed that foreign companies missed the opportunity for oil investment here, are looking upbeat now at alternative investment prospects.

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.

Jan 12, 2010

Oil deal signings to start Sunday

Majnoon, Garraf, Qaiyarah and Najmah to be signed starting Sunday, while ministry awaits companies to OK changes to remaining five deals aimed to drastically boost production capacity.

Jan 11, 2010

Maliki at oil transparency launch: ‘corruption is treason’

International effort will keep light on Iraq's attempt to be first Middle East nation to receive EITI accreditation, which was officially launched Sunday.

Jan 7, 2010

2010 budget stuck on KRG oil exports

Section in $71 billion budget legislation threatens Iraqi Kurdistan's share of revenue if oil exports remain shut in.

Jan 6, 2010

Majnoon, three other oil fields approved by Cabinet

Four deals approved after requested (and undisclosed) changes are made, leaving five from the first and second auctions last year to get Cabinet OK.

Jan 6, 2010

Comment & Analysis: Iraq’s oil and gas challenges and opportunities

Technical analysis and opinion by an Iraqi oil consultant, a founding executive of the Iraqi National Oil Company, and an author of the 2006 draft Iraqi oil law.

Jan 4, 2010

Russia looking forward to Iraqi oil development

Gazprom executive Alexander Kolomatsky spoke with Iraq Oil Report about the cost to develop the Badra oil field, which may be part in Iran, raising issues of sanctions and security.