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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)

Kirkuk feels the power

For the first time since the invasion of Iraq in 2003 an Iraqi city has 24-hour power supply.

Iraq oil exports, revenue up

New ministry data gives continued positive sign to oil income and exports, with the north covering the southern flow dip.

Weather delays Iraq oil bids

Media continues coverage of Iraq contracts up for foreign investment, though sand storms have delayed the process for at least one day and Shahristani is set to return to Parliament.

Addax confirms China purchase

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

Critics from within

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

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.

Budget hopeful on oil rise

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