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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)

Qayarah field resumes production

After more than a year offline, the Ninewa province heavy oil field is producing about 10,000 bpd, with output trucked to Kirkuk.

Cabinet files legal challenge to 2021 budget

Kadhimi's government is seeking to strike down budget provisions added by Parliament, including new financial rules for state-owned oil companies and fuel import taxes.