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.

Jun 24, 2009

Addax confirms China purchase

Firm active in Iraqi Kurdistan to be purchased by overseas arm of one of China’s state oil company.

Jun 22, 2009

Ninawa poultry industry faces collapse

Costs are up, subsidies down, Iraqi poultry farmers also must compete against imports.

Jun 15, 2009

Critics from within

Two weeks before bidding round, top officials in South Oil Co. say contracts are "detrimental" to Iraq.

Jun 9, 2009

KRG firms are takeover prospects

Addax and Genel are in the process of merging or being acquired, though one could have serious repercussions in southern Iraq for the new parent.

Jun 9, 2009

Budget hopeful on oil rise

An increase in exports and oil prices could allow Iraq to boost spending later this year.

Jun 9, 2009

Iraq free of most U.S. claims

Supreme Court in Washington determines "new" Iraq free of most lawsuits over Saddam-era actions.

Jun 8, 2009

Water fight

Iraq warns Turkey on Euphrates water supplies.

Jun 8, 2009

The Kuwaiti tab

Post-Saddam, Iraq’s war with Kuwait is far from over.

Jun 8, 2009

Heritage secret merger firm unveiled

Turkey’s Genel Enerji is Heritage tie-up target.

Jun 6, 2009

Oil law progress?

MP says law coming through pipeline soon, would be required to sign oil deals.