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Energy

Head of North Oil Company removed

Director General Sameer al-Taie's dismissal comes amidst a corruption investigation, and following the assassination of a candidate to replace him.

KRG to tender three new refineries

The new projects could bring 150,000 bpd of new refining capacity and help push the KRG from subsidies to market-based fuel pricing.

New chief for state drilling firm

Basim Mohammed Khudair, a senior South Oil Company (SOC) official, has been named acting director general of the Iraqi Drilling Company (IDC).

UPDATE: Exports rise on Basra boost

The overhaul in Iraq's blending and marketing of southern crude helped raise southern exports and compensate for a dip in northern exports hampered by political disputes.

West Qurna 1 budget slashed by $500 million

Iraq has cut the annual budget of its second-most-prolific oil project by nearly 50 percent, as part of a broader effort to reduce oil field development costs in response to a financial crisis.