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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)

Court replaces expert in oil rights case

The Supreme Court rescinded the appointment of a technical expert after KRG lawyers challenged his objectivity, further delaying a case to adjudicate Baghdad-KRG oil disputes.

Iraq production surges after OPEC meeting

Oil Ministry unleashes latent capacity from state-run fields in July, more than compensating for production dips resulting from protests in southern Iraq.

July oil exports and revenues rise

Federal oil revenues hit a four-year high as exports increased through both the Basra Gulf and the KRG-controlled northern export system.

Iraq struggles to contain Basra oil protests

A demonstration threatens to shut down roads into the West Qurna 1 oil field as protesters, emboldened by a supportive message from Sistani, rail against government failures.