Tuesday 30 August 2016
 
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Iraq

Iraq's Qayyara oil fields won't return to production soon

Iraq doesn't expect to resume production from the northern Qayyara oil region before the capture of nearby Mosul from Islamic State, an oil ministry spokesman said on Tuesday. The region's two main fields, Qayyara and Najm

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Iraq govt, Kurds to start talks on oil dispute

The Iraqi government and the Kurdish regional authorities agreed to start talks to resolve a dispute on oil revenue-sharing that is holding back the nation's crude exports, according to a statement from the Iraqi prime minister's office.

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Iraq plans to sell oil through Iran if talks with Kurds fail

Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters.

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Iraq asks Saudi Arabia to replace ambassador

Iraq's foreign ministry has asked Saudi Arabia to replace its ambassador in Baghdad, Thamer Al-Sabhan, Iraqi state TV said on Sunday. Iraqi Shi'ite politicians have made persistent requests that Al-Sabhan be expelled in re

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Iraq set on expanding oil output to gain market share

Iraq is willing to play an active role within Opec to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said on Saturday. Jabar Ali al-Luaibi, on a v

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Iraq vows to play active role in propping up oil prices

Iraq is willing to play an active role within Opec to support oil prices, its Oil Minister Jabar Ali Al-Luaibi said on Saturday, without clarifying whether it was prepared to back a possible agreement to freeze output. "Iraq

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Oil falls on US stocks build, China demand fears

Oil prices fell early on Wednesday as an unexpected build in US crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry. Interna

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Oil falls on US stocks build, China demand fears

Oil prices fell early on Wednesday as an unexpected build in US crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry. Interna

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Iraq not open to capping oil output: Prime Minister

Iraq's prime minister said the country has not yet reached its full oil market share, suggesting his government would not restrain crude output as part of any possible Opec agreement to lift prices. "And the capping, we a

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Oil slips below $49 as producer action hopes recede

Oil fell below $49 a barrel on Tuesday, giving up part of August's strong rally, as signs of rising supply outweighed hopes that producing nations will agree steps to support prices. A Nigerian militant group, which has claime

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