China's biggest energy firm PetroChina will join Exxon Mobil in developing Iraq's giant West Qurna oilfield and is in talks with Russia's Lukoil to buy into a second project at the field, industry sources said.
Speaking in his new role as president of Opec, Iraq's Oil Minister Abdul-Kareem Luaibi said he will visit Iran on Thursday to discuss oil market stability and would ask Tehran for assurances that all countries will work to protect waterways an
Iraq's electricity ministry signed a $1 billion deal with China's Shanghai Electric on Monday to nearly double the size of a power plant south of Baghdad.
The plant in the town of Zubaidiya initially was slated to have four 330 meg
Iran has started loading fuel into the core of its first nuclear power plant, bringing it a step closer to realising its stated goal of becoming a peaceful nuclear power, state-run Press TV reported on Tuesday.
Iran faced growing economic pressure on Monday after two Western oil firms halted business with it, and the UAE, seen as a trade lifeline for Tehran, moved to freeze some Iranian-linked bank accounts.
The developments un
Libya will refuse to pay compensation to the families of people killed by Irish republican bombs they say were made using Libyan-supplied explosives, the son of Libyan leader Muammar Gaddafi said.
Saif Al-Islam said Libya would fight any c
Mahmoud Ahmadinejad, travelling to Qatar to become the first Iranian president to attend a summit of Gulf Arab rulers, said on Monday he would present "new proposals" to boost cooperation and security in the region.
Ahmadinejad has been in