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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)
Apr 20, 2009

The Situation of Iraqi Oil – Part 1

"The situation of the Iraqi oil industry", by Faleh Al-Khayat, oil expert. This speech was a part of "Occupation Year 7: What future for Iraq?", a series of events organized by The BRussells Tribunal, and took place in the European Parliament, 18 March 2009, in Brussels.

Apr 20, 2009

The Situation of Iraqi Oil – Part 2

Part 2 of 2. "The situation of the Iraqi oil industry", by Faleh Al-Khayat, oil expert. This speech was a part of "Occupation Year 7: What future for Iraq?", a series of events organized by The BRussells Tribunal, and took place in the European Parliament, 18 March 2009, in Brussels.

Apr 2, 2009

Iraq gives nine oil firms bidding rights

Selects from 38 applications to join 41 already prequalified for second phase of oil and gas field bidding, which could include Production Sharing Agreements.

Mar 25, 2009

Taq-Taq aim is 180K bpd despite no export rights

Swiss-Canadian independent Addax Petroleum has reiterated goals of producing 180,000 b/d of oil from its Taq-Taq field in Iraqi Kurdistan within two years, despite the bulk of its current production capacity at the field being shut in for lack of export routes. During a company strategy presentation, Addax said that current production stood at 11,000–12,000 […]

Mar 25, 2009

IOCs invited to comment on Iraqi model contract

Iraq's Oil Ministry has sent out a model contract to IOCs pre-qualified to bid in its first licensing round, giving the companies the opportunity to comment on them until 1 April. "We had sent out to bidding companies on March 19 a semifinal version of the model contract," Abdul Mahdy al-Ameedi, deputy director-general at Iraq's […]

Mar 24, 2009

Iraqis need better Iraq, U.S. effort

New GAO report: Oil revenue surplus will cover budget deficit, but Iraqis in need of basics like water, while oil and electricity sector need billions of dollars.

Mar 24, 2009

Shahristani courting IOCs

Oil minister treks to France for big economic meetings, gets pat on the back by IEA, following big news on Statoil, others.