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 1, 2017

Iraqi exports shoot to near-record levels

Federal exports hit their second-highest monthly average in history, but KRG sales declined steeply in the aftermath of Kirkuk upheaval.

Nov 30, 2017

Q&A: Iraqi Oil Minister Jabbar al-Luiebi

Iraq announces record exports and oil sector development plans as it agrees to an extension of OPEC production quotas through 2018.

Nov 30, 2017

No easy solution for stranded Kirkuk crude

The Oil Ministry is considering a pipeline to link Kirkuk oil fields with domestic refineries, and issuing a tender for rebuilding the export pipeline to Turkey.

Nov 29, 2017

October production slides on Kirkuk upheaval

With major Kirkuk oil fields offline due to Baghdad-KRG conflicts, Iraq is looking to compensate with rising production from southern fields.

Nov 28, 2017

Ministry envisions new contract model for exploration deals

In an upcoming effort to attract investors to nine exploration blocks, Iraq will scrap its signature technical service contracts.

Nov 10, 2017

Iran to facilitate Kirkuk exports

By trucking crude to Iran, the Oil Ministry would reduce dependence on the KRG-controlled export system and open a new outlet for Kirkuk oil that is currently stranded.

Nov 2, 2017

Iraq seeks to reshape northern oil sector

After regaining control of Kirkuk, Baghdad is looking for new outlets for northern oil production while reducing its reliance on the KRG.

Nov 2, 2017

Federal exports climb, revenues hit three-year high

Exports from all of Iraq were just over 3.8 million bpd, a slight decrease from September, but sales from the Basra Gulf grew.

Oct 31, 2017

Baghdad halts Kirkuk oil exports to Turkey

Days after the federal North Oil Company restarted exports through the KRG-controlled pipeline, the Oil Ministry ordered a stop.

Oct 28, 2017

Despite hostilities, northern exports flow

Federal authorities are sending crude through the Kurdistan export pipeline and into Turkish port storage under KRG control - a sign of rare cooperation at a time of explosive political friction.