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)

Nov 9, 2016

Q&A: NOC chief Farid al-Jadir

To raise output from its fields, the state-run North Oil Company needs to contend with a trifecta of security, financial, and political crises.

Nov 8, 2016

Iraqi Parliament starts oil corruption investigation

MPs begin looking into alleged bribery scheme following international media reports implicating former oil ministers.

Nov 7, 2016

Iraq pursues scaled-down water injection project

Oil minister tasks SOC with implementing long-delayed infrastructure project, necessary for Iraq to achieve future oil production gains.

Oct 28, 2016

Choking on oil fires, Qayarah strains to recover

After a scorched-earth retreat toward Mosul, IS militants leave behind a public health crisis and a population reeling from two years of brutality.

Oct 24, 2016

Iraq shops 12 new oil field contracts

Oil Ministry pursues negotiations with IOCs on new oil projects - a warning shot at OPEC members seeking to impose quotas.

Oct 7, 2016

Payback to oil traders cripples KRG’s finances

September oil sales increased by one-third, but net revenues fell again as trading houses recouped debts and did not make new loans.

Oct 2, 2016

Oil exports tick up in September, but revenue declined

Crude exports from southern Iraq ports increased month-on-month, with loadings further bolstered by new Kirkuk sales from Ceyhan as Baghdad-Erbil deal enters second month intact.

Sep 29, 2016

SOC takes Oxy stake in Zubair

South Oil Company takes the largest role to date for a state owned company in a technical service contract after Occidental Petroleum's exit.

Sep 26, 2016

KRG keeps producers waiting for pay

The autonomous Kurdistan region is struggling to keep its promises to IOCs, owing two months of payments to most oil producers in the region.

Sep 15, 2016

Q&A: Senior Deputy Oil Minister Fayadh Nema

The second most senior Iraqi oil official talks about plans to keep up production during a financial squeeze, and the terms for delivering crude to a Kurdish refinery, Ceyhan and Iran.