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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)
Mar 25, 2008

Iraq oil exports and revenue up, but production is down…

Plus: *Fighting in Basra, Iraq’s oil capital *Oil flow not affected, ministry says *Likely outcome troubling for violence and politics *Chevron ready for Iraq deals *Lukoil says West Qurna progress *Workers poisoned at water plant needed for oil sector *CS Monitor marks Five Years in Iraq *Turkey vs. Kurds in … Basra? *Iraq’s female detainees […]

Mar 20, 2008

A look into Shell and other oil firms’ angling into Iraqi oil and gas deals…

Plus: *Electricity Ministry official assassinated *Iraq, Oil and The Washington Post *The Betrayal of Judge Radhi *Basra police bust women assassin's ring *Kuwait to Iraq: debt relief for water *Iraq Five Years of War: continuing coverage *Much, much more... Royal Dutch Shell has been quietly working with Iraq’s oil ministry over the past two years, […]

Mar 11, 2008

Int’l audit of Iraq’s oil revenues show more to be done to prevent smuggling…

Plus: *Iraq Oil Minister confirms crude for cash, int’l agreement may prevent it *Fire stops Kirkuk flow to Turkey *Ministry confirms China oil talks *Oil vs. Electricity ministries *Oil ready for Jordan, ambassador blames scared contractors *KBR keeps taking hits *Much, much more... Iraq is improving its anti-theft operations guarding oil and fuel from the […]

Mar 11, 2008

Iraq’s multi-phased oil contract process moves forward…

Plus: *Oil Minister Shahristani bridges ties with Turkey, dismisses Kurdish deals again *Shahristani said high court can decide who is right *IMF official: transparency improved, all oil funds still unaccounted for *Talabani in Turkey, denounces PKK, tells Ankara it must talk to Barzanis *Unofficial meeting set in Baghdad *Iraq Press Roundup *Much more... With or […]

Mar 6, 2008

Iraq: Big Oil deals could clear late-March…

Plus: *China-Iraq oil deals make progress *Shahristani doubles today's production for two-year goal *Shahristani in Ankara for gas talks *Wind power for water *The Future of Kirkuk *The Iraq Press Roundup Iraq will wind up negotiations with five Big Oil firms later this month on key fields and soon announce the firms that qualify for […]

Mar 5, 2008

Oil Ministry gets go-ahead from cabinet to sign two-year deals with Big Oil…

Iraq's cabinet has given the green light to the Oil Ministry to sign agreements with international oil companies to help increase the nation's crude output, a ministry official said Wednesday, The Associated Press reports. The chairman of the U.S. Senate Armed Services Committee said on Tuesday he may try to require Iraq to spend more […]

Mar 4, 2008

Petrel Resources’ high hopes for PSA from Saddam-era Iraq oil deal…

Plus: *Dana Gas ready to feed northern Iraq gas to Kurdish power plants *Price of Baghdad black market fuel drops *Iran-Iraq energy dealings during Ahmadinejad’s visit *Spring is coming, but air conditioning is not *Iraq Press Roundup *Inside Iraqi Politics Ireland's Petrel Resources expects a production-sharing agreement for a deal it signed with Saddam Hussein […]

Feb 25, 2008

Turkey, Kurds and the Iraq oil hype…

Plus: *Brits' new Basra economic chief acknowledges concern over denationalization of natural resources *KRG Pres. Massoud Barzani's Baghdad beef *Baiji-Baghdad-Anbar railway reconstruction begins *Much, much more... Fears continue, as does the Turkish invasion into northern Iraq, that the latter will cut supplies of oil in Iraq, thus buoying the price of oil. While Agence France-Presse […]

Feb 18, 2008

Oil companies race to the finish as pre-registration for Iraq oil contracts closes…

Plus: *Kurds considering legal action against Oil Minister *Oil companies hold onto cash intended for Iraq *Oil Ministry plans 300,000 barrel per day oil refinery in Nasiriyah *The legislative progress minus oil As the final day of registration closes, Iraq’s Oil Ministry said more than 70 firms from around the world have submitted papers, Reuters […]