Energy

UPDATE: Depot fire temporarily cuts Iraqi crude exports

An explosion at the Zubair-1 depot has taken up to 1.5 million bpd of Basra Medium crude exports offline, as Iraq scrambles to divert production to storage and implement workarounds to recover export volumes.

Fire fighters and civil defense corps members extinguish the fire at the Zubair-1 pumping station following a gas leak explosion on Oct. 26, 2025.

Sep 30, 2009

Thamir Ghadhban to review first bid round

Former oil minister tapped to lead committee tasked with reviewing June 30 auction of eight oil and gas fields.

Sep 30, 2009

Tanker spark kills 2 at Daura Refinery

Two killed after tanker fire in Baghdad's main refinery.

Sep 30, 2009

New INOC put on hold

National oil company restart delayed by politics, election campaigns, and the logistical nightmare of creating a new oil regulatory regime.

Sep 30, 2009

Questions over DNO affair prompt Iraqi Parliament query

Energy committee mixed in response, at least want formal written explanation from KRG, some calling for an investigation into the stock deal.

Sep 28, 2009

KRG: cleared by Oslo Stock Exchange

Meeting in Oslo, KRG representative said he was told by regulator that the government and minister were never a target of investigation into DNO stock sale.

Sep 24, 2009

DNO lashes out at Bors

The Norwegian oil firms’ shares plummet as trading resumes following the temporarily suspension following the explosive dispute with Kurdistan Regional Government.

Sep 22, 2009

DNO’s Iraq operations suspended

KRG threatens to make shut-down permanent, says name is tarnished in dispute between the Norwegian oil firm and its home regulator.

Sep 15, 2009

Oil laws not likely before January election

Parliament likely to approve income tax on foreign oil firms, long-awaited package of oil-related laws will be up to the next government due to elections and politics-as-usual.

Sep 8, 2009

Locals look for benefits in oil boom

Demand for jobs and investment spurs local officials into pressing for meaningful results from the national governments energy strategy.

Sep 3, 2009

Salt levels in the Shatt al-Arab threaten environmental disaster

As the level of fresh water flowing into the Shatt al-Arab from the Euphrates and Tigris rivers has declined, salt water from the Persian Gulf has increasingly poured in.