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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)

Iraq finalizes oil drilling joint venture with Mesopotamia Petroleum

A deal has been finalized creating a joint venture between the Iraq Drilling Co. and the British Mesopotamia Petroleum Co. It’s the first such joint venture in post-Saddam Iraq, and will likely be a template for future projects to bring foreign oil companies into the world’s third largest oil reserves. The Iraq Oil Service Co. […]

Few details emerge about strange South Korea-Iraq oil deal

Plus: *Ghadban: Iraq oil workers will bring back production *Electricity Minister: France welcome to build nuclear plant *Iraq Oil Ministry gets 38 applications for second round of oil and gas field bids *Get your second round company list only at Iraq Oil Report *Pipeline to Syria makes news, no construction yet *Int’l Unions take Iraq […]

Baiji sees corruption cleanup, saving Iraq oil from smugglers

Plus much more in this long-weekend edition of Iraq Oil Report, including updates on more going on in the oil and electricity sector, election results revealed, and the status of key security, societal and economic issues. A must read: One might call them the Batman and Robin of the Bayji oil refinery. Together Ali al-Obaidi, […]

Mitsubishi added to Shell-Iraq gas deal

Plus: *Iraq sweetens deal to oil majors in Istanbul meetings *South Oil Co. offers oil companies 40 wells to drill *Walid Khadduri on oil and elections *Iran-Iraq meetings pledge oil, other economic trade boost *KRG changes legislative body name, says Qandil Mountains contained *Baghdad museum to reopen *Fallujah still in ruins *Joost Hiltermann: lessons of […]

U.N. planning oil and federalism meeting in northern Iraq

Iraq Oil Report can confirm an upcoming meeting on federalism and oil and gas management in Iraq, organized by the European Union and United Nations. The date cannot be confirmed as yet. Although Voices of Iraq reports the conference will be held in April and focus on the oil law, sources told IOR the draft […]

South Oil Co. leader calls for a new Iraqi National Oil Co.

Plus: *Elections insight following more oil news *Oil exports in January up again *Foster Wheeler gets south oil terminal deal *Abu Dhabi start-up Petromal, with Premier, wants Iraq deals *Korea firm starts oil work alone *The new U.S. Ambassador to Iraq *Alive in Baghdad: Night Life Returns to Baghdad *Treasury Dept. lists PJAK as terrorists […]

Former SCOP official laments ‘golden era’ for Iraq oil, optimistic for future

Plus: *Oil terminal moving from U.S. to Iraqi security *Finance Ministry orders oil report from Oil Ministry, issuing $5B in bonds, courting international banks *Elections begin *World Bank: 44 percent of Iraqis make less than $85/month *Battle Against Brutality: women in Iraq *Alive in Baghdad: Fake Pharmacies Plague Iraq *New SIGIR reports *Iraq Press Roundup […]