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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)

SOC chief punished

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

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 […]

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.

Raw docs

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

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.

Big, careful steps

As Iraq appears to start slowly denationalizing its oil sector, politicians and foreign companies must ensure Iraqis are satisfied.

KRG oil chief optimistic on agreements

Minister says contractors will be paid, exports to reach goal despite hitches, and he’s keeping an eye on takeovers of firms he’s signed.

Oil bid debrief

A week later, thoughts on the oil bidding round and what comes next for Iraq’s oil sector.

Lingering in the pipeline

Oil exports from northern fields doesn’t mean a deal on KRG oil contracts, even those exporting now, and a compromise is made more complex by gas deal.