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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)

Iraq refineries resurgent

Investors have been wary of multi-billion-dollar refinery tenders, but that hasn’t stopped the Oil Ministry from bringing vital new capacity online.

The Baiji refinery and the surge

In an excerpt from his new book, “Iraq and the Politics of Oil,” former U.S. oil official Gary Vogler narrates the high-stakes struggles over Iraq’s largest refinery.

Sonangol returns to Qayarah and Najmah

Angolan firm re-starts 2010 contracts to develop fields south of Mosul, following four-year absence after Islamic State group's invasion.

Oil Ministry strengthens KAR ties

Crude flows are increasing from the federal North Oil Company in Kirkuk to KAR Group's refineries in Kurdistan, despite political obstacles arising from Baghdad-Erbil disputes.

Ministry drops Nassiriya Integrated Project

Iraq had attempted to pair the Nassiriya oil field and refinery projects to lure investors, but now the state-run DQOC will develop the field on its own, ending negotiations with a Chinese consortium.

BP is back in Kirkuk

A memorandum of understanding promises to re-start BP's reservoir studies, and could lead to a long-term development deal.