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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)
May 25, 2017

Readout: Oil Minister Luiebi briefs before crucial OPEC meeting

Iraqi Oil Minister Jabbar al-Luiebi briefed journalists Thursday just before a key OPEC meeting, in which member countries are negotiating a potential extension of production cuts agreed to late last year. Luiebi covered a range of topics, from Iraq's specific oil policies to the OPEC-wide attempt to bolster oil prices. Here is a slightly condensed transcript of Luiebi's […]

May 24, 2017

Q&A: Falah Alamri, Director General of SOMO

Days before a major meeting among the world's largest oil producers, Iraq's export chief discusses depressed Kirkuk prices and a big plan for marketing Basra crude.

May 13, 2017

Crest to buy WesternZagros

Kurdistan's oil sector has been plagued by financial crisis and other setbacks, but the deal announced Friday suggests some investors are seeing value and opportunity.

May 9, 2017

Iraq exports steady in April

Oil sales have stopped falling as Iraq claims full OPEC compliance, suggesting further production cuts are unlikely.