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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)
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 […]

May 2, 2008

Iraq restarts dialogue with Big Oil firms as June deadline looms…

Plus: *Iraq oil proceeds in first four months of 2008 exceed half of total 2007 oil sales *Ex-electricity minister bails out Rezko from Chicago jail *Turkey offers to train Iraqi Army... *...As it conducts groundbreaking talks with Kurds in Baghdad... *...And starts bombing PKK in N. Iraq again *CPJ: Killings of journalists in Iraq ignored […]