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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 16, 2008

Iraq oil production not up as reported, possibly slipping …

Plus: *Iraq's largest refinery out of commission, refineries nationwide take toll *Dohuk province has no power except for hospital *No power = inflation *US Commerce Dept. backs down on PSAs *GAO report faults US/GOI numbers in audit *much More New reports on Iraq oil production find it flat, possibly decreasing, dampening expectations the sector was […]

Jan 9, 2008

India’s Reliance Industries to register with Iraq Oil Ministry despite blacklist threat over Kurd deals, more on the Ministry’s prequalification…

PLUS: *Status of Baiji after fire *Lukoil in Iraq *Political dealing from Baghdad to Irbil *Yahia Said: "Genuine progress on national reconciliation, economic reconstruction and the sharing of oil wealth requires the replacement of these discredited politicians with local and parliamentary leaders." A technical glitch with our host has seriously delayed alerts to subscribers of […]

Jan 8, 2008

Kirkuk exports to Turkey expected to rise this month, though full restart of pipeline unknown …

Plus: *Explosion, fire at largest refinery Baiji *Shiite/Sunni/Kurd deal-making and fighting over oil, Kirkuk *Basra dismisses 1,000 police *From Mothers to Martyrs *Much, much more There are mixed reports on Iraq's resumption of oil exports to Turkey, which were shut down last week because of full storage tanks, not security impediments, United Press International reports. […]

Jan 3, 2008

Iraq oil deals, perhaps bids, open to firms who register with Oil Ministry by Jan. 31 …

Plus: *Political disputes 2008 *Wanted: Investors in Iraq's power sector *Wanted: Solution to displaced persons disaster Iraq's Oil Ministry said all companies interested in winning contracts need to register as Iraq moves closer to its first tenders of oil fields, Ben Lando reports for United Press International. There have been mixed messages from the ministry, […]

Dec 26, 2007

The blacklist begins of firms who signed oil deals with the KRG … Baiji violence increases, oil sector a target … Juan Cole’s Top 10 list …

As Iraq Oil Report reported last Thursday, the Oil Ministry is taking an end around to stop companies who signed controversial deals with the Kurdistan Regional Government from moving forward with the deals. Iraq warned South Korea it could suspend crude oil exports if a South Korean consortium led by a state-run company proceeds with […]

Dec 21, 2007

Accounting for Iraq’s oil … DNO production up, with nowhere to go … Cholera a threat in the north still … Oil, healthcare workers and teachers have outstanding demands …

Be The First To Know: CLICK HERE to sign up for Iraq Oil Report updates to be sent to your inbox A U.N. official said on Tuesday the Iraqi government has made 'very slow' progress in its efforts to properly monitor how much oil it is exporting, refining and storing, Daniel Bases reports for Reuters. […]

Dec 19, 2007

Pentagon report: Iraq Oil Ministry spending a little more on capital budgets, ranks production and electricity too … New deals by 2008 for Iraq’s oil sector … Turkey’s invasion unfolds …

A new Pentagon report says the Iraqi Oil Ministry's ability to administer its capital budget is slowly improving, Ben Lando reports for United Press International. The report, "Measuring Stability and Security in Iraq," released Tuesday by the U.S. Defense Department, said the ministry spent 36 percent, or $727 million, of its $2.4 billion capital budget […]

Dec 14, 2007

Iraq oil production still up, but can it hold? … Basra residents not fans of Brits … Electricity targeted again by attackers … Investigating Iraq’s U.S. Inspector General

Iraq oil is steady at 2.3 million barrels per day, according to the International Energy Agency, the BBC reports. It’s a substantial output considering the country’s huge reserves and that it has averaged less than 2 million bpd production since 2003. But the increase in production is because the northern pipeline has been fixed and […]