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)

Jun 2, 2016

Q&A: Deputy Oil Minister Fayadh Nema

On the sidelines of an OPEC meeting, Nema talks about the steps Iraq is taking to overcome challenges and hit ambitious production targets.

Jun 1, 2016

Oil revenues rise despite export dip

Poor weather and power outages cut into exports but an upward trend in the global oil price puts more money in Iraqi coffers.

Jun 1, 2016

Kurdistan launches mining sector

KRG’s Ministry of Natural Resources calls for expressions of interest in seven prospective mineral exploration licenses.

May 26, 2016

UPDATE: KRG oil payments sputter on low revenue

DNO, Genel and Gulf Keystone confirm partial April payment, but delays threaten to undermine a new policy that had sparked some investor optimism.

May 26, 2016

Basra security reinforced amidst unrest near oil sites

New security leadership and armored reinforcements come to Iraq's oil capital, as protests over jobs and conflicts among tribes cause instability near major oil sites.

May 24, 2016

Q&A: Mohammed Sahib al-Daraji, Minister of Industry and Minerals

Using public-private partnerships - such as new petrochemicals projects with IOCs - Daraji hopes to ease the government out of industries where state-owned companies are losing money.

May 18, 2016

New investment revives modest hopes for KRG oil sector

After two years of non-payments and security concerns, Kurdistan-focused oil companies are gingerly starting to reinvest.

May 17, 2016

Faced with dominant rival, competing Kurdish parties reunite

Sulaimaniya’s PUK and Gorran parties have agreed to electioneer and vote together, hoping to clip the wings of acting President Massoud Barzani’s KDP.

May 9, 2016

New Dhi Qar oil firm gets $42 million kick-start

Finance Ministry "loan" to the new provincial oil company does not require repayment, as former assets of the South Oil Company are handed over.

May 4, 2016

Saboteurs bomb Khabbaz oil field again

At least two wells are burning and production has stopped at an oil field in Kirkuk after saboteurs exploited security gaps for the second time in a month.