Energy

New SOMO director named as Iraq reshuffles oil sector leadership

Ali Nazar al-Shatari will be Iraq's new head of oil marketing as the Sudani government makes changes across several top oil posts.

SOMO Deputy Director General and Head of Crude Ali Nazar al-Shatari (right), at the Nov. 30, 2016, OPEC meeting in Vienna with then-Iraqi Oil Minister Jabbar Ali al-Luiebi (center), and then-SOMO Director General Falah Alamri (left). (Source: OPEC Media Office)

May 9, 2017

Iraq exports steady in April

Oil sales have stopped falling as Iraq claims full OPEC compliance, suggesting further production cuts are unlikely.

May 2, 2017

Assassins kill North Gas Company deputy DG

The attack echoes a series of assassinations targeting northern oil officials in 2015.

Apr 25, 2017

Production stops falling as Iraq claims OPEC compliance

After steep reductions in January and February, the Oil Ministry appeared to take its foot off the brakes in March.

Apr 12, 2017

Q&A: Ihsan Ismaael, DG of South Gas Company

Iraq is set to increase gas product exports and reach agreements on gas with with IOCs operating southern oil fields, said Ismaael, who is also the chairman of Basra Gas Company.

Apr 5, 2017

After restructuring, South Oil Company is renamed

Now that the Dhi Qar Oil Company has been spun off, the Oil Ministry rechristened SOC as the Basra Oil Company.

Apr 5, 2017

Iraq starts new oil contract review

The Oil Ministry plans to develop a new contract model for future projects and has contracted Iraqi-Norwegian consultant Farouk al-Kasim as it explores adjustments to existing TSCs.

Mar 31, 2017

Iraq formally opens Dhi Qar Oil Company

The country's fifth E&P company has officially become independent from South Oil Company.

Mar 30, 2017

March exports dip as OPEC cuts continue

Top Oil Ministry officials say Iraq is fully complying with an agreement to cut production.

Mar 29, 2017

UPDATE: At critical Kurdistan field, reserves fall again

It was the flagship project of Genel Energy, one of the KRG's lynchpin oil partners. Now the company says Taq Taq is less than 10 percent the size that was once advertised.

Mar 28, 2017

Basra oil terminal damaged in tanker accident

Exports are stable and no serious injuries were reported after one berth of the al-Basra Oil Terminal was badly damaged by a collision with a massive oil tanker.