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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.
Aug 5, 2009

Iraq expands refineries

Part of fuel expansion; also, KRG takes 17 percent stake in new Heritage/Genel firm, and GE left without payments for turbines.

Aug 3, 2009

Going it alone on gas

Akkas and Mansuriyah gas fields, unsigned in recent auction, to be developed by state firms.

Jul 31, 2009

A different Iraq oil law approved

Council of Ministers end-around feuding factions – for now – and move to restart the national oil company with support of key political blocks.

Jul 30, 2009

SOC chief punished

Vocal opponent of first bidding round and chief of Iraq's largest state oil company has been let go.

Jul 29, 2009

Nov. set for second bidding round

Iraq’s Oil Ministry spokesman said the second bidding round for oil fields offered to foreign investors will take place at the end of November. Assem Jihad offered few details but said pre-qualified companies will be able to submit bids for 10 oil fields in four months. Meanwhile, rumors that South Oil Co. chief Fayadh Hassan […]

Jul 29, 2009

Oil exports and revenue increase

New June data from Ministry shows signs of growth while national oil company law makes progress to Parliament, 2nd bidding round set.

Jul 17, 2009

Raw docs

Three key documents from Iraq's June 30 auction for six oil and two gas fields.

Jul 17, 2009

Workers rebel

Iraq’s oil unions allude to tense future in Rumaila as foreign firms signed by the Oil Ministry are unwelcome, at least on the current terms.