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Iraq Upstream
James Gavin
20 May 2024
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Drones and deadlock stymie Iraqi Kurdish oil and gas ambitions

Not for the first time, a foreign oil company-led project in Iraq’s Kurdistan region is dealing with the aftermath of a deadly drone attack

The 26 April drone strike on a condensate storage tank at the Khor Mor gas field, operated by the Pearl Petroleum consortium, killed four Yemeni contractors and forced a week-long outage of the 500mcf/d production. Although the UAE’s Dana Gas—which leads the consortium alongside Sharjah-headquartered Crescent Petroleum, Austria’s OMV, Germany’s RWEST and Hungary’s MOL Group—said production was back to normal levels by 3 May, the company acknowledged the incident may impact the completion schedule of a plan to boost production to 750mcf/d. It is also a blow to investor confidence, hitting one of the few successful gas developments in Iraq, responsible for generating more than 2,000MW of elect

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11 July 2025
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
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11 July 2025
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
Waiting for Arctic LNG 2
10 July 2025
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
Nigeria bullish about oil recovery
9 July 2025
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030

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