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)

Dec 3, 2018

November exports decline as global prices drop

Iraq's revenues fell steeply, as the mid-month resumption of Kirkuk oil sales via Turkey was not enough to offset southern export disruptions and sinking oil prices.

Nov 28, 2018

Iraqi power supply plunges with Iran gas pipeline outage

A major artery supplying Iraq with electricity feedstock went offline Tuesday, highlighting the country's energy dependence on Iran.

Nov 16, 2018

Kirkuk exports resume in political test run

Federal Iraq crude flow through Kurdistan's export pipeline to Ceyhan has started again, in a bid to appease Washington and increase revenues.

Nov 14, 2018

Oil minister wants new INOC law

A major initiative to restructure Iraq's oil sector appears to be on hold as the new Cabinet prepares to re-draft the legal foundation of the Iraq National Oil Company.

Nov 14, 2018

Baghdad-KRG oil case delayed yet again

Dissatisfied with the work of three technical experts tasked with providing analysis, the Supreme Court postpones the six-year-old lawsuit until Dec. 9.

Nov 8, 2018

Kirkuk fields bolster Iraq’s production gains

Iraqi crude output continued a steady rise in October, although bad weather put a damper on exports and highlighted infrastructure constraints.

Nov 7, 2018

Pipeline and payments fuel Kurdistan’s oil sector revival

Kurdistan's oil sales are steadily growing; a Rosneft-funded oil pipeline has finally reached the 1 million bpd benchmark; and oil companies are getting paid.

Nov 1, 2018

Iraq proposes major spending hike under 2019 draft budget

In a dramatic shift away from recent austerity policies, Iraq's Cabinet has proposed a 27 percent increase in spending with a $111 billion draft budget.

Nov 1, 2018

UPDATE: October revenues rise, though oil exports decline

Strong global oil prices helped Iraq compensate for its second straight month of decreasing export rates.

Oct 25, 2018

Adil Abd al-Mahdi takes power as government begins to form

Parliament has officially confirmed the new prime minister and a majority of his Cabinet, although key posts, including defense and interior ministers, are unresolved.