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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)

Shell to return to Basra with new head

Following payment disputes and volatile protests that prompted the Basra Gas Company's expat staff to evacuate, Shell and Iraq's South Gas Company are bringing in new leadership as they attempt to reconcile.