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Energy

Iraq takes action on illicit oil schemes

U.S. designation of a key oil sector logistics provider highlights sanctions risks, prompting Iraqi measures to combat corruption in fuel trading.
Iraqi Navy vessels take part in operations to combat illicit oil sales in August 2025. (Photo credit: GCPI)
Jun 8, 2008

Audit pans Iraq and U.S. efforts to account for oil, fuel and revenue flow…

Plus: *Iraq working with neighbors on joint oilfields *Electricity Ministry signs with GE The summary audit results of Iraq’s 2007 oil sales and revenue flow conducted by Ernst & Young has been released by the International Advisory and Monitoring Board for Iraq. It landed a significant blow to Iraq’s efforts to ensure all oil and […]

Jun 3, 2008

Iraq oil exports tops 2M barrels per day…

Plus: *Barzani says it should triple *Electricity Ministry predicts stable supply in three years *Girl Denied Education *Alive in Baghdad: Another College Year in Baghdad *Much more... Iraq has raised oil exports to a post-war high, Oil Minister Hussain Shahristani told Ahmed Rasheed of Reuters. "In May, we have exceeded for the first time 2 […]

May 30, 2008

Iraq gov’t reshuffles careers of dozens in south oil industry…

Plus: *KRG to merge electricity, natural resources ministry... *...Ashti Hawrami to head new Energy Ministry *Central, region governments to restart oil law talks early June *Iraq dedicates $40M for refugees... *...Gets nowhere at debt conference *Much more... The Iraqi government has moved, demoted or fired more than a dozen people within the southern Iraqi oil […]

May 28, 2008

BP, Exxon propose two-year deals to produce 200,000 barrels more Iraq oil per day…

Plus: *President Talabani meets with Lukoil executives *OMV to start drilling two wells next year in KRG block *Tigris, Euphrates levels affecting gas liquification *Crescent Petroleum’s Majid Jafar Q&A *Much, much more... After several months of negotiations and pressure from the Iraqi government, BP and Exxon Mobil Corp. have finally submitted proposals to the Iraqi […]

May 26, 2008

Iraq PM Maliki fires South Oil Co. chief and scores more in oil, other sectors…

Plus: *Baiji-Baghdad fuel line repairs start *Oil Ministry extends Akkas bid tender *SOMO taking bids for fuel oil export *WashingtonPost.com/Newsweek on the Iraq oil question *Alive in Baghdad: Baghdad, City of Widows *Much more… Iraq's Prime Minister has demoted the head of the South Oil Company and the head of two SOC divisions, Hassan Hafidh […]

May 23, 2008

Iraq’s Kurdistan region signs an unknown number of new oil deals…

Plus: *Iraq to pre-qualify more companies for bidding on smaller fields *Controversy over status of new oil law… *…and what it means for a new state oil company *Iraq oil profits up as production takes hit in April *Shahristani in the news *Iraq’s Refugees overlooked *U.S. troops speak out against war *Iraq Oil Report has […]

May 18, 2008

Iraq Oil Ministry waiting on Big Oil to submit oil deal proposals…

Plus: *Iraq oil production drops in April *Companies with KRG deals see boost *Oil pipeline security contract under fraud scrutiny *Iraq Press Roundup *Turkish-Iraq relations improve on Kurd meetings *Much, much more… Iraq has asked major international oil companies to submit their final contract proposals to boost production at the country’s largest oil fields after […]

May 12, 2008

Australia’s Oil Search announces stake in Iraqi Kurdistan PSA…

Plus: *Power outages and supplies *Road Map for Iraq Oil Industry *Western Zagros announces KRG drilling *Alive in Baghdad: Locals Bring Security to Adhamiya *War News Radio: Iraq Out Of Work *Much, much more… Oil Search announced Tuesday it signed into an 18.75 percent working interest/15 percent revenue interest in a production sharing agreement in […]

May 6, 2008

Iraq Oil Ministry extends deadline for pipeline to and from Iran…

Plus: *John McCain and the confusion over war and oil *Children at War -- two looks by War News Radio and Alive in Baghdad *Turkey, Iraq's Kurds and the PKK *Iraq Press Roundup *Much, Much more... Iraq's Oil Ministry has extended the deadline for companies to submit plans to design and supply the equipment for […]