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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)

Round 1 revisited

At least four major oil companies are pitching development projects for oil fields that went unsigned in the June auction.

Blacklist enlarged and challenged

By working in the KRG, a Chinese company is barred from bidding for oil fields offered by Baghdad, while a Korean firm is apparently back at work despite oil purchases.

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.

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.