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)

Dec 30, 2009

Final auction fields get draft contract approved

Angola state oil company gets the initial deal for two Ninevah fields approved and sent to Cabinet, the final projects from the December auction.

Dec 30, 2009

Iraq readies final super-giant field for Cabinet

Lukoil, Statoil and ministry agree to draft contract for West Qurna-Phase 2, cooperate with Exxon and Shell of Phase 1, adjust shares.

Dec 29, 2009

Companies, government not concerned with Badra’s Iranian side

Gazprom Neft in talks with Iran to develop other side of Iraqi border field it was awarded in December auction and initialed last week.

Dec 29, 2009

Naft Khanah a gas leak, not fire

Damage is minimal but extent still unknown as reports surface that a gas leak triggered a rush to the northern Iraq field by firefighters.

Dec 29, 2009

Shell’s continued re-entry into Iraq

Iraq Oil Report spoke to Mounir Bouaziz, Shell’s vice president for Middle East & North Africa, about what it will take to truly secure oil and gas investments in Iraq.

Dec 22, 2009

China initials Halfaya contract

Oil Ministry and company officials put initials on second round auction contract for Halfaya, sent to the Council of Ministers for approval.

Dec 22, 2009

Dhi Qar oil company to be added to state firms

The Iraqi Oil Minister expects to create an oil company based in the up and coming oil province of Dhi Qar.

Dec 22, 2009

Rumaila lawsuit hearing set for Jan. 11

Iraqi federal court hears government defense, postpones hearing and fate of contracting process until Jan. 11.

Dec 21, 2009

Garraf deal on way to Council of Ministers

Iraqi Oil Ministry, Petronas and Japex initial oil deal for Garraf, sent to Council of Ministers for approval.

Dec 20, 2009

Schedule for Round 2 oil deal initialing

Iraq begins Sunday and ends Dec. 30 with initialing of the oil contracts awarded Dec. 11 and 12, to be sent to the Council of Ministers.