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Energy

Iraq terminates Akkas contract, drawing legal threats

Cabinet taps state-run Midland Oil Company as operator for fast-track gas field development with help from SLB, but contentious ouster of Ukrzemresurs could spark litigation.
Personnel from the Ukrainian company Ukrzemresurs pose in front of the Akk-1 well at the Akkas gas field after completing emergency maintenance work in the first quarter of 2025. (Photo credit: Ukrzemresurs)

Parliament vote signals uphill battle for Ismaael and INOC

A recent vote to remove the oil minister as the head of the Iraqi National Oil Company highlights political headwinds for Ihsan Ismaael's efforts to restructure the oil sector and maintain a foothold beyond the transition to a new government.

Q&A: Ali Shaddad al-Faris, MP from Basra

One of the plaintiffs in the landmark Federal Supreme Court case against Kurdistan's independent oil sector discusses fallout from the ruling as well as Parliament's role in energy sector oversight.

Protests shut down Nassiriya field

The 60k bpd field is the second in two days to stop production amid global supply concerns as Russian war in Ukraine continues.

Dhi Qar unrest raises oil sector risks

Protesters are threatening to shut down the Nassiriya field, and deadly violence has caused one American company to suspend oil operations in the province.