Iraq owns proven oil reserves estimated at 115 billion barrels; the third largest reserves in the world after Saudi Arabia and Iran. The Iraqi Deputy Prime Minister for Energy Affairs Hussain...
Read moreThe Iraqi Oil Ministry plans to increase production in stages to reach 3.3 million barrels per day in 2012, then 5.4 million in 2013, then rises to 6.5 million in 2014. The plan also includes...
Read moreIraqi Oil Minister Abdul Karim Al Loaibi confirmed that the Iraqi oil production is at its highest level since 1979, while the Deputy Prime Minister Hussain Al-Shahristani announced that the...
Read moreIraq has approved an oil exploration deal with a Kuwait Energy-led group, a senior oil official said, to take the place of Turkey’s state-owned TPAO, which the cabinet decided to expel. Facing...
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