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Dec 28, 2007

Iraq oil up end-’07, sketchy ‘08 … Update on South Korea backlash

Iraq's oil sector ends 2007 on a relatively upbeat note, with production at levels not seen since before the war. But the year had more downs than ups, and sustaining success through next year is far from guaranteed. Iraq averaged production of 2.4 million barrels per day in November, according to the global energy information […]

Dec 17, 2007

New security for Iraq’s most important city … Kirkuk vote delayed … New oil tankers, Syria pipeline … 5M Iraq orphans …

Basra’s Changing Hands Iraq’s oil capital, Basra, is now officially under control of Iraqi forces. The British have "controlled" the area since 2003. Control is relative, however, since under British occupation Iraq’s main rivalries have been allowed to foster competing militia violence and, along with other armed groups and gangs, turn the oil and fuels […]

Dec 7, 2007

Attacks on oil and power sector continue, workers targeted … Kirkuk-Baiji line bombed … Women in Basra risk death by religious fundamentalists …

There have been nearly 600 pipeline attacks in Iraq since March 2003, though recent security strategies have allowed additional flow in the northern pipeline. Attacks are also increasing in the power sector, especially among workers being targeted, according to an assessment from March 2003 to Nov. 17, 2007, made for United Press International by an […]

Oct 24, 2007

Turkish trouble and Shiite violence, all in oil-rich Iraq

Turkey may implement economic sanctions against the Kurdistan Regional Government, including cutting needed power supplies, Iran’s PressTV reports. It sounds like a squeeze on the KRG for not quashing the separatist Kurdistan Workers’ Party. The PKK is threatening to sabotage the Kirkuk-Ceyhan pipeline – in the Kurdistan territory – but has yet to make good […]

Oct 17, 2007

Iraq’s oil law lags but the looming war is less of a threat to the crude

While the Turkish threat looms in northern Iraq, Simon Webb reports for Reuters oil will not be in harm’s way. Iraq’s controversial oil law has enough support in Parliament, but won’t be put forward until there is greater backing, Deputy Prime Minister Barham Salih told Reuters. But the Iraq war as a whole has helped […]

Oct 16, 2007

Iraq’s oil in the north could face Turkey’s wrath

While Turkey's government decides whether to enter Iraq in response to ongoing attacks blamed on Kurdish separatists hiding in the northern Iraq mountains, Iraq's oil sector pumps, and waits. Oil skyrocketed to $88 at one point Tuesday, before declining a few dollars, as concerns over global oil supplies and a new Iraq war strike nerves. […]