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)

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.

Sep 3, 2009

Oil Ministry productive despite politics

Deputy Minister says oil flow up, investment ongoing, critics ignorant, and politics likely to postpone a major gas deal with Shell.

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.