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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)

Rosneft signs landmark deal to buy KRG crude

In a sign that Kurdistan's oil sector is shedding some of its legal and political risk, KRG crude will now supply the refineries of Russia's largest oil company.

Iraq exports fall as OPEC cuts begin

Export rates are down from their December peak, but questions remain over which fields are being reduced and whether the cuts will meet OPEC expectations.

Sonangol considering return to Iraq

Three years after security problems forced them out, Iraq is courting the Angolan state firm back to the Qayarah and Najmah fields.