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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)

Kurdistan halts oil exports to Iran

Hundreds of trucks per day had been carrying crude and other oil products across the border, but the KRG has ordered the trade to stop.

Record production continues in January

In light of an OPEC quota agreement, Iraq has made steep cuts at state-run fields, but those reductions are being offset by long-planned increases at IOC-operated projects.

Supreme Court rules against INOC law

Iraq's highest court sided with technocrats who challenged legislation to reconstitute the Iraqi National Oil Company, ruling that several key articles are unconstitutional.