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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)
Jan 26, 2009

Iraq oil exports in December highest in five months

Plus: *Iraq reduces 2009 as oil price slides *Iran not involved with Majnoon development *Dora expansion is ready, Shahristani says Iraq to meet domestic fuel demand this year *Elections coming up *Alive in Baghdad: Pastry Shops Thriving in Iraq *Much more Iraq's oil exports in December were the highest since July as northern exports carried […]

Jan 16, 2009

Iraq responds to Russian oil courting

Plus: *Iraq reiterates Syria gas line plans *Ministry to discuss round 1 oil and gas bidding in Istanbul *Iraq election tactics: "iffy, illegal" *The missing Muntadar *Buying old Russian military equipment *Iraq Press Roundup *Much more A Russian delegation visiting Baghdad is attempting to reboot ties with Iraq. Russia was expecting a leg-up in either […]

Jan 14, 2009

U.S. watchdog cites KBR, U.S. and Iraq governments for poor south oil reconstruction

Plus: *Obama and Iraq *More Iraq oil news *Oil, Transport and Port workers meet for "Well-to-Wheel" in Amman *Pentagon Report: Iraqis lack basic services, fueling discontent *Basra and the ballot * War News Radio: On the Move, Iraq’s displaced families *Iraq Press Roundup * Alive in Baghdad: Ashura, A Sign of the Times A new […]

Jan 9, 2009

U.S. Supreme Court to determine future of Iraq’s oil funds

Plus: *2008 ends "sour" for Iraq oil, potential and roadblocks in 2009 *Natural gas loss at $15B annually *Maliki makes first premier visit to KRG *Elections and oil mark big 2009 in Iraq *Minorities in Iraq: the other victims *Alive in Baghdad: Iraq’s Free Press *Iraq Press Roundup *Much, much more… The U.S. Supreme Court […]

Jan 5, 2009

Iraq Oil Ministry opens oil and gas fields to more companies

Plus: *China starts Ahdab project *Iraq earns more than $60B in oil sales in 2008 *but low prices aren't the only trouble on the horizon *Coalition rebuilds Iraq Navy, guarding oil tankers *Iraq signs $70M Pratt & Whitney turbine deal *Torture continues: genital mutilation of girls in northern Iraq *Iraq Press Roundup Iraq's Oil Ministry […]

Dec 31, 2008

Iraq ends year unveiling oil and gas fields for second bidding round

Iraq on Wednesday opened up some of its most prized oil and gas fields to international firms that have been excluded for decades, part of new deals that could more than double its output within a few years, Ahmed Rasheed reports for Reuters. In a second bid round, following on from one earlier this year, […]

Dec 23, 2008

Iraq signs $80M in oil export surveys to boost output and mitigate disaster

Plus: *U.N. grants Iraq oil revenue immunity extension *Iraq brings firm in for partial Um Qasr port privatization *Parliament speaker on the way out *Iraqis protest another U.S. raid Iraq has signed contracts worth an estimated $80 million to repair fragile oil export infrastructure in the south and ready it for expansion. The Oil Ministry […]

Dec 22, 2008

Iraq oil exports see increase but not enough to offset price slump

Plus: *Confusion remains over first bidding round as round 2 announced *Heritage spuds in KRG *U.S. pressing for extension of immunity for Iraq oil revenue *Paris Club makes good on forgiving last 20 percent *Basra: U.S. troops in, elections coming, federal state fight looms *Women’s rights leader beheaded in Kirkuk *Alive in Baghdad: Journalists Still […]

Dec 8, 2008

Iraq Petroleum Co. driller in his youth, now returns to sign first Iraq joint venture

Plus: *PKK announces Eid ceasefire, rapprochement *Basra to begin regionalism signature campaign *Peshmerga rep in Baghdad for talks *New life at Anbar university It's been 50 years since Peter Redman drilled wells on Iraq's Zubair and Rumaila fields on behalf of British Petroleum, a major stakeholder of the Iraq Petroleum Co., which controlled Iraq's oil […]

Dec 7, 2008

Iraq Drilling Co. and Mesopotamia Petroleum announce joint venture

Iraq Drilling Co. says a joint venture is imminent with U.K.-based Mesopotamia Petroleum Co. Idriss Muhsen al-Yassiri, the director general of IDC, one of the companies of the Iraq Oil Ministry, made the announcement Sunday at the Iraq Energy Expo & Conference in Baghdad. Yassiri was explaining the need to enhance Iraq's drilling capabilities to […]