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)

Oct 25, 2017

With more oil assets threatened, KRG proposes truce

Federal forces are massing for a potential operation to take Feyshkabour, which would effectively end Kurdistan's independent pipeline exports.

Oct 24, 2017

Iraq expands southern export capacity

Basra Gulf terminals increase loading capabilities ahead of plans to boost exports.

Oct 19, 2017

Khurmala in the crosshairs

Federal forces scramble to reinforce dramatic gains in Iraq's disputed territories, as the KRG fortifies a key oil asset in anticipation of another potential confrontation.

Oct 19, 2017

Iraq oil production up as key fields change hands

Nationwide oil production continued its month-on-month increase in September, and the Oil Ministry has plans for that to continue.

Oct 12, 2017

Hashid-Peshmerga battles near Kirkuk raise specter of war

The KRG fears federal Iraqi forces are plotting a "major attack" days after tensions combusted into two, hour-long firefights near the disputed Bai Hassan oil field.

Oct 11, 2017

Iraq aims to rebuild northern pipeline

Massive political challenges and financial constraints cast uncertainty on the Oil Ministry's announcement that it will rehabilitate its decimated pipeline to Turkey.

Oct 5, 2017

Iraqi production continues to rise

Steady month-on-month increases are due to new drilling at the Halfaya field and recovering output from state-run fields.

Oct 3, 2017

Oil exports and revenues up in September

Crude prices rise and loadings increase in both Basra and the Mediterranean.

Sep 28, 2017

Qayarah and Haditha refineries re-open

The Oil Ministry is re-starting the Qayarah refinery, which had temporarily shut due to smuggling concerns, as well as Anbar province's Haditha refinery.

Sep 26, 2017

As Kurdistan casts independence vote, threats loom

The KRG oil sector is in the crosshairs of Iraq's Parliament and Turkey's president, who are seeking to stop the momentum of Kurdish secession after Monday's referendum.