Energy

U.S. sanctions on Lukoil threaten Iraq oil production drop

There is no backup plan for operating the 480,000 bpd West Qurna-2 field, with some Iraqi officials worrying production might need to be cut within weeks.

A ceremony at the West Qurna 2 oil field in Basra to mark the opening of two new well complexes on June 1, 2023. (JASSIM AL-JABIRI/Iraq Oil Report)

May 8, 2018

Oil Ministry widens BP mandate in Kirkuk

BP's consulting deal to help maximize Kirkuk production now includes more fields, including key assets currently managed by the KRG.

May 2, 2018

Q&A: Abdul Mahdy al-Ameedi, chief of Iraq oil contracts

The head of the Oil Ministry's Petroleum Contracts and Licensing Directorate discusses negotiations with Exxon, Iraq's new oil contract terms, the future of Kirkuk, and much more.

May 2, 2018

April exports fall but revenues rise

Iraq contends with overworked offshore terminals and pipelines, but monthly revenues rise on higher global prices.

Apr 26, 2018

Discovered fields win the day in fifth bidding round

Oil Ministry nets significant victory with three mid-size oil firms successfully bidding on six projects after concerns raised by companies.

Apr 26, 2018

Federal Iraq’s first commercial gas field is ready

A day before a fifth fields auction, Iraq's sole successful gas field thus far from a previous bidding round is readied to supply much needed gas to power plants.

Apr 11, 2018

Iraq exports hit infrastructure ceiling

Oil slicks in the Basra Gulf reveal that Iraq's export ambitions may be putting too much pressure on outdated pipelines.

Apr 10, 2018

Kurdistan oil lawsuit moves forward

Iraq's Federal Supreme Court will finally hear a six-year-old case on the fundamental constitutional conflicts that underpin Baghdad-Erbil oil disputes.

Apr 8, 2018

Q&A: Ihsan Ismaael, Basra Oil Company director general

Basra's top oil man discusses developing Majnoon after Shell, plus myriad projects to repair and upgrade offshore export capacity.

Apr 2, 2018

Iraq exports steady in March

Basra Gulf loadings see modest increase while Kurdistan's Ceyhan sales are slightly lower.

Mar 29, 2018

IOCs scramble to analyze new contract model

The Oil Ministry has shortened the deadline for its fifth bidding round, giving companies just days to evaluate big changes to the contract model.