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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)

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.

Iran gas pipeline crosses into Basra

New pipeline will feed Basra power plants with Iranian gas – another sign of growing energy cooperation between the neighboring countries.

Basra exploration deal advances

For the first time, international companies will be paid for oil production stemming from Iraq's new generation of exploration contracts.