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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)

Inside Mosul: Jan. 5, 2017

Detailed updates from Islamic State militant-held areas of Ninewa province, gathered via Iraq Oil Report's network of reporters and contacts.

After record year, Iraq readies OPEC cuts

Iraq exported more oil in 2016 than any previous year, but now it must reduce overall production in keeping with an OPEC quota aimed at raising oil prices.

Q&A: Baz Karim, president of KAR Group

The most strategically important energy firm in Kurdistan, KAR manages the majority of the region's production and refining capacity, and its export pipeline.

Iraq Cabinet decisions: Dec. 13, 2016

Whenever the media office of the Council of Ministers releases decisions of the Cabinet, Iraq Oil Report publishes a translation from the original Arabic.

Exxon cuts Kurdistan portfolio by half

The American super-major, whose 2011 contracts with Kurdistan spurred an investment bonanza, has relinquished the Qara Hanjeer, Arbat East, and Betwata blocks.

Q&A: Falah Alamri, director general of SOMO

Iraq's top oil salesman discusses the future of Basra Heavy, the choices necessary to implement the OPEC quota deal, and making more money on Kirkuk oil sales.