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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)

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.

Q&A: Senior Deputy Oil Minister Fayadh Nema

After taking over day-to-day leadership of the Oil Ministry in the wake of an ongoing political crisis, Fayadh Nema discusses the path ahead for Iraq's oil sector.