Subscribe 

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)

Iraq exports steady in April

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

Q&A: Ihsan Ismaael, DG of South Gas Company

Iraq is set to increase gas product exports and reach agreements on gas with with IOCs operating southern oil fields, said Ismaael, who is also the chairman of Basra Gas Company.

Iraq starts new oil contract review

The Oil Ministry plans to develop a new contract model for future projects and has contracted Iraqi-Norwegian consultant Farouk al-Kasim as it explores adjustments to existing TSCs.