Energy

Iraqi wartime production cuts reach 3.6 million bpd

Iraq is navigating acute logistical and infrastructure challenges to maximize refinery consumption and exports while the Strait of Hormuz remains closed.

Workers from the state-run Iraqi Drilling Company (IDC) work on a well at the West Qurna 1 field in Basra in March 2026. (Photo credit: IDC)

Sep 18, 2008

Iraq oil exports back near normal

* Repairs following storms in south and northern bomb successful Plus: *Maliki reportedly asks British for energy help *Parliamentarians displeased with Electricity Minister *Iraq preps record budget for 2009 *Cholera epidemic spreads *Reidar Visser on the Democratic Party’s Iraq plan Iraq has resumed oil exports following a storm that shut in the southern port of […]

Sep 15, 2008

Iraq oil output drops, bombs and storms blamed

Plus: *Oil Ministry to explain oil and gas bidding to companies in London next month *Karbala sees 13 power projects *Finance Ministry agrees to worker demands *Recap of weekend violence highlights troubled future *Artists transform the blast walls *Exploring Al-Qaida in Iraq and the Awakening’s fate *Much more A bomb blast on an oil pipeline […]

Sep 12, 2008

DNO expands Tawke oil contract area in Iraq Kurdistan region

Plus: *DNO nearer to export oil *IMF gives Iraq marks on economy *Basra power plant up and running *Rumors over Maliki future *Alive in Baghdad: Sadr City *Much more Norway's DNO will expand its successful Tawke project in northern Iraq, moving closer to being able to export oil via pipeline, Ben Lando reports for United […]

Sep 11, 2008

Shell gas deal for south Iraq in a year

Plus: * Total, Shell confirm oil TSA talks over * Baghdad energy conference postponed to December * Alleged secret Defense Ministry torture prison found in Basra * Alive in Baghdad: Shanasheel, Iraqi Traditional Architecture * Much more Iraq expects to sign a gas deal with Royal Dutch Shell within a year and negotiations to sign […]

Sep 9, 2008

Iraq opts for long term oil deals, ditches no-bids

Plus: *More on the Shell gas deal *German, UAE and Iran investors eye southern refineries *Alive in Baghdad: Selling Fuel *Kidnapping in the NOC Iraq won't award temporary oilfield services contracts to international companies before a bidding round aimed at bringing in foreign expertise to boost crude production, Oil Minister Hussain al-Shahristani said, Bloomberg News […]

Sep 7, 2008

Iraq approves gas deal with Royal Dutch Shell

Iraq's Cabinet approved an initial gas agreement between the Oil Ministry and Royal Dutch Shell to invest in a joint venture to tap natural gas in southern Iraq, a government statement said. The agreement calls for establishing a joint venture between the state-run South Oil Co. and Shell to exploit the fields, the statement added […]

Sep 4, 2008

New details emerge in Iraqi oil deal with China

China says a multi-billion dollar oil deal with Iraq is still being negotiated. This contradicts reports last week from Iraqi officials, who said the deal had been signed, Daniel Schearf reports for Voice of America. China's Foreign Ministry on Thursday said negotiations with Baghdad to exploit an Iraqi oil field continue. Iraq's embassy in Beijing […]

Sep 2, 2008

Iraq approves oil deal with China

Iraq has approved a $3 billion deal with China to develop the al-Ahdab oil field. It's the first Saddam-era oil deal to be honored by the new Iraqi government. It initially was canceled after the 2003 invasion. A government statement says the Cabinet approved the deal on Tuesday. It was signed last week in China. […]

Aug 31, 2008

Iraqi contracts develop as oil begins to move

Lebanon hopes to sign a deal with Iraq in the next two months to buy crude oil below market prices, after Baghdad agreed to sell oil to Jordan at $22 a barrel, Bloomberg's Massoud A. Derhally reported. "We are hoping for a similar agreement,'' Lebanese Minister of Finance Mohamad Chatah, 57, said in an interview […]

Aug 28, 2008

Iraqi oil exports up for July

The Iraqi Oil Ministry says that oil exports in July inched up to 58.8 million barrels — a 0.7 percent increase from the previous month, the AP reported. The statement says the barrel was sold at an average price of $113.8 and yielded $6.692 billion. June's price stood at $123 a barrel. The statement adds […]