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 17, 2016

Faced with dominant rival, competing Kurdish parties reunite

Sulaimaniya’s PUK and Gorran parties have agreed to electioneer and vote together, hoping to clip the wings of acting President Massoud Barzani’s KDP.

May 9, 2016

New Dhi Qar oil firm gets $42 million kick-start

Finance Ministry "loan" to the new provincial oil company does not require repayment, as former assets of the South Oil Company are handed over.

May 4, 2016

Saboteurs bomb Khabbaz oil field again

At least two wells are burning and production has stopped at an oil field in Kirkuk after saboteurs exploited security gaps for the second time in a month.

May 3, 2016

Exports and revenue rebound in April

Initial data show record exports and bounce in oil price, garnering five-month high in revenues.

Apr 29, 2016

South oil workers moonlighting as weapon designers

To help militias fighting against IS, South Oil Company engineers have designed smartphone-activated rocket launchers and remote-control robots for defusing explosives.

Apr 28, 2016

KRG-Iran pipeline talks gain momentum

The two sides are developing detailed technical plans for an oil export pipeline, though political approvals are still pending.

Apr 26, 2016

Q&A: Senior Deputy Oil Minister Fayadh Nema

After taking over day-to-day leadership of the Oil Ministry in the wake of an ongoing political crisis, Fayadh Nema discusses the path ahead for Iraq's oil sector.

Apr 20, 2016

Corruption bust nets Oil Ministry management

More than a dozen current and former North Oil Company employees as well as advisors have been implicated.

Apr 20, 2016

Iran-Iraq border fields are investment targets

Iraq is looking for international oil companies to play a large role in renewed plan for fields on border with Iran.

Apr 13, 2016

Iran gas pipeline crosses into Basra

New pipeline will feed Basra power plants with Iranian gas – another sign of growing energy cooperation between the neighboring countries.