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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)
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 10, 2017

Iraq opens border blocks for new investment

Foreign oil companies are invited to propose contracts – though not production sharing – for eight exploration blocks on the borders with Iran and Kuwait, as well as one offshore exploration block.

Jul 1, 2017

Oil export plateau continues in June

Iraqi exports have remained steady since February - and well below capacity - as the government maintains its efforts to support an OPEC cut agreement.