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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)

Mixed review

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

Holy money

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

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.

Going it alone on gas

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

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.