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Energy

Chevron eyes Lukoil’s Iraq assets

The American company is emerging as the leading contender for the 480,000 bpd West Qurna 2 field as U.S. sanctions appear to be squeezing Lukoil out of Iraq.
Iraqi Prime Minister Mohammed Shia al-Sudani (center) and Oil Minister Hayyan Abdulghani (center-right) meet with a delegation from Chevron in Baghdad on Dec. 10, 2025. (Photo credit: Oil Ministry)

Third attack hits Khor Mor gas field

The gas field providing feedstock for most of Kurdistan’s electricity has come under rocket or mortar fire three times in four days.

Khor Mor gas field attacked again

For the second time in three days, Kurdistan's lynchpin gas field came under attack, during a time of rising political tension in Baghdad.

Q&A: Finance Minister Ali Allawi

Allawi discusses ending Kurdistan budget transfers, new expenditures under a stop-gap spending law, power payments to Iran, and implementing a Chinese financing deal.