Energy

Iraqi oil exports stagnate at two-decade lows as wartime restrictions persist

April oil sales fell to one-twelfth of pre-war volumes as Basra exports restarted and stalled, and northern exports hit a plateau.

A worker checks the valve gears of pipes linked to oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned pipeline company Botas. (UMIT BEKTAS/Reuters)

Aug 4, 2015

UPDATE: July exports dip despite rising Basra output

Northern exports fall due to political disputes and pipeline outages, but federal oil sales stay near record levels.

Jul 28, 2015

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.

Jul 24, 2015

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.

Jul 23, 2015

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).

Jul 17, 2015

Deaths and arrests in southern power protests

Protestors throughout south Iraq are angry at another summer with inadequate electricity, with some threatening an oil project at Majnoon.

Jul 14, 2015

Pipeline problems hamper exports via Turkey

Chronic outages due to smuggling and technical failures along the Turkish side of the Iraq-Turkey Pipeline have sapped both federal and KRG oil sales.

Jul 14, 2015

Anbar back in crosshairs of Iraqis and coalition

The anti-IS coalition has at least temporarily set aside divergent interests in a concerted effort to dislodge militants from Ramadi and Fallujah.

Jul 7, 2015

Dana Gas claims headway in legal fight with KRG

Both sides are seeking multi-billion-dollar damages in a bitter battle over Kurdistan's most prospective gas fields.

Jul 1, 2015

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.

Jun 29, 2015

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.