Iraq's State Oil Marketing Organisation (Somo) has proposed splitting its Basra Light crude supply into two grades and has requested feedback from buyers in Asia, trade sources said.
The second largest Opec
Iraqi pilots who have joined Islamic State in Syria are training members of the group to fly in three captured fighter jets, a group monitoring the war said on Friday, saying it was the first time that the militant group had taken to the air.
Iran Khodro Industrial Group plans to increase the production of cars at its plant in Iraq to 100 per day, a senior official was quoted as saying.
The company has already raised the production to 50 cars per day at its factory in
Dubai-based companies Transworld Group and Nawah Port Management have entered into a formal agreement to service Iraq’s growing demand for imports, linking their shipping, logistics, marine services and port capabilities.
Iraq has cut its November oil prices for customers in Asia and Europe following a similar move by top global exporter Saudi Arabia as Opec producers compete for market share in the face of weaker global oil demand and prices.
Australian special forces troops will be deployed in Iraq to assist in the fight against Islamic State militants, Prime Minister Tony Abbott said on Friday, and its aircraft will also join US-led coalition strikes.
Abbott said in
The changing fortunes of war in northern Iraq are recorded in layers of graffiti daubed on the walls of villages overrun by Islamic State militants this summer, but since re-appropriated by Kurdish peshmerga forces.
Iraqi Kurdistan has shipped a total of nineteen tankers carrying 13.7 million barrels of crude oil since May via a pipeline to Turkey's Mediterranean port of Ceyhan, a Turkish energy official told Reuters.
American-led and Arab-backed air strikes carrying the fight against Islamic State from Iraq into Syria have dragged Washington into a new Middle East war - exactly the kind of conflict Barack Obama spent his presidency trying to avoid.