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02.09.2014 Lukoil Received $1 bln Compensation for West Qurna 2

Lukoil received more than $1 billion in compensation in the first half of 2014 for the West Qurna 2 project in Iraq, the company said in its United States GAAP report on Friday.

22.08.2014 Iraqi Kurdistan's oil pipeline to Turkey resumes after upgrade

Crude oil flow on Iraqi Kurdistan's pipeline to Turkey has resumed after upgrade work was completed and is now running at an increased rate of 200,000 barrels per day (bpd), industry sources and Turkish officials told Reuters on Thursday.

13.08.2014 International oil producers halt northern Iraq operations

Six international oil companies working in Iraq's Kurdish region, including Exxon and Chevron, have decided to suspend production and evacuate their staff for security reasons.

08.08.2014 Genel withdraws staff from Iraq

Following recent events in the vicinity of the Kurdistan Region of Iraq (‘KRI’), Genel Energy plc can confirm that the Taq Taq and Tawke fields remain safe and secure.

08.08.2014 Afren pulls out of Iraq field

Afren plc has taken the precautionary step to temporarily suspend operations at the Barda Rash field in light of heightened regional security related issues, the company reported in a news release.

29.07.2014 Deliveries begin to oil reservoirs at the Badra oil field in Iraq

Gazprom Neft, the operator of the Badra oil field in Iraq, announces that deliveries of crude oil have started from the field to reservoirs of the Central Gathering Point (CGP). Two wells are currently producing oil at the deposit.

10.07.2014 Russian Majors Among Investors in Iraqi Refining

As Iraq’s demand in oil products rises, the government in Baghdad is taking efforts to enhance the country’s refining capacities by promoting incentives offered to foreign investors.

07.07.2014 Iraq crisis: Kurds pin hopes on an oil-rich future

Iraqi Kurds have already governed their territory, a land of wheat fields and rugged mountains that extends from Iraq's northern and western border with Turkey to the Iranian border in the east, for more than two decades.

02.07.2014 New major oil outage would strain supply

The world’s unused spare oil production capacity would struggle to cover another big outage, industry officials and analysts say, increasing the chance governments may tap strategic reserves should Iraq’s southern exports be disrupted.

26.06.2014 With new grip on oil fields, Iraq Kurds unveil plan to ramp up exports

Iraq's self-ruling Kurds outlined plans on Wednesday to swiftly ramp up oil exports now that their forces have taken control of Iraq's main northern oilfields, a move that could tear up the settlement holding Iraq together since the fall of Saddam Hussein.