The Organisation of the Petroleum Exporting Countries (Opec) is focusing on market share rather than on supporting oil prices, Iraq's Opec governor said on Tuesday in comments that will dampen expectations that Opec might agree steps to su
Iraq is sticking to an aspiration to increase its oil output by up to a third by 2020 despite warnings from some companies working in Opec's second-largest producer that projects could be delayed due to spending cuts.
Iraqi Prime Minister Haider Al-Abadi announced the launching of an offensive to retake the Islamic State stronghold of Falluja after the military told residents to get ready to leave before fighting started.
"Zero hour for th
Iraq has reached a $5.4 billion standby agreement (SBA) with the International Monetary Fund that could unlock $15 billion more in international assistance over the next three years, Finance Minister Hoshiyar Zebari said.
Wyndham Hotel Group has announced plans for two new properties in the Iraqi holy city of Najaf following a deal signed with Bukhamseen Group For Real Estate, Tourism, General Trading & Contracting Company.
Located just 800-m f
Russia's Lukoil is continuing talks with the Iraqi government over increasing investment and oil output at its West Qurna-2 project there, the company's first vice president Ravil Maganov told reporters on Tuesday.
International oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year, a senior Iraqi oil official said.
Oil companies helping Iraq develop
Islamic State has not gained significant ground since it took the Iraqi city of Ramadi a year ago, which it then lost in December, as the US-led coalition in Iraq and Syria has been helped by better intelligence and better equipped local forces,
International oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year, a senior Iraqi oil official said on Friday.
Oil companies helping Ir
Iraq plans to boost crude oil exports from its southern region to 3.47 million barrels per day in June, potentially beating a record volume set in November, a preliminary loading programme showed.