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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 1, 2009

North Oil says no reinjection

NOC chief says report of oil reinjection in 2008 is wrong, an old practice during tough times no longer in use.

Aug 26, 2009

More than $4B in July oil sales

Crude exports hit highs and capitalize on steadily increasing prices to eclipse June earnings, as Iraq explains to investors what the second bidding round will offer.

Aug 25, 2009

Struggle to fill up

Iraq's Oil Ministry eyes ending fuel imports but producing enough gasoline to meet Iraqi demand may take the type of investment that's yet to come.

Aug 19, 2009

Interview: Sabah Shabeeb al-Sa’idi

Top Oil Ministry official negotiates contracts, talks to Iraq Oil Report about the BP deal for Rumaila, gives details of the second bidding round process and contract, and hints at the Nassiriya winner.

Aug 16, 2009

Mixed review

UN watchdog over Iraq’s oil revenue says Iraq can take over the job, but worries ministries are lagging in necessary safeguards.

Aug 12, 2009

Holy money

Estimates of tens of millions of dollars donated in holy Karbalah, officials point to projects when questioned about transparency.