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)

Aug 28, 2017

July production passes 4.6 mbpd

A review of field and government data for July puts Iraq's nationwide oil fields at a five-month high.

Aug 25, 2017

KRG reaches landmark deal with DNO and Genel

Settlement of outstanding debt in exchange for assets is effectively a reset button for the Kurdistan oil sector, which is likely to quicken pace of production growth.

Aug 17, 2017

IS insurgency targets energy sites, interrupting oil exports

Kirkuk pipeline exports were briefly offline after IS militants bombed high-voltage power lines – one of a dozen insurgent attacks to hit northern Iraq in the past week.

Aug 9, 2017

Rivers of crude spill from IS smuggling operation

IS militants are still stealing oil from wellheads in the mountains of Salahaddin province - in the process, unleashing a flood of oil that flows for miles.

Aug 1, 2017

Oil exports steady through July

Slight increase in independent KRG exports offsets small reduction in federal Iraqi exports.

Aug 1, 2017

Baghdad pursues Kirkuk-Iran pipeline

After voicing opposition to the KRG's independence referendum, Iran contemplates a deal that could shift the balance of power in Iraq's disputes over territory and oil.

Jul 27, 2017

Chinese consortium in talks over Nassiriya deal

Iraq's Oil Ministry starts direct negotiations with PetroChina and CNOOC for a long-delayed, massive project to build a 150,000 bpd refinery and develop the Nassiriya field.

Jul 26, 2017

Iraq production shoots up in June

An independent analysis shows rising output from state-run fields in Basra lifted Iraqi production by nearly 100,000 bpd, as a monitoring committee meets and assesses OPEC quota compliance.

Jul 21, 2017

Head of Dhi Qar Oil Company replaced

Ali Warid Hamoud, formerly of the Missan Oil Company, is the third director general appointed to lead the newly formed DQOC in less than four months.

Jul 11, 2017

Top Basra officials implicated in electricity corruption

Basra's governor and head of the provincial council are both being investigated for corruption in an electricity supply deal.