iraq oil

U.S. Helped Clinch Iraq Oil Deal to Keep Mosul Battle on Track

BAGHDAD/LONDON, Oct 3 – Shuttle diplomacy by the United States’ envoy to the anti-Daesh¬†coalition brokered an oil deal between Iraq and its Kurdish region vital to a climactic battle with the jihadists, diplomats, officials and oil men say. The oil revenue-sharing deal sealed in August was critical to getting the central and regional governments to

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OPEC Deal a Tough Task, as Oil Output Freeze Expectations Rise

By Rania El Gamal and Alex Lawler DUBAI/LONDON, Aug 15 – OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources, although Iran, Iraq and Russia present obstacles to a deal. Riyadh sharply raised

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Iraqi Parliament Approves Former South Oil Head as Oil Minister

BAGHDAD, Aug 15 – Iraq’s parliament approved on Monday the appointment of Jabar Ali al-Luaibi, a former head of state-run South Oil Company, as oil minister in an overhaul of Prime Minister Haider al-Abadi’s cabinet, state television said. Luaibi is one of six candidates Abadi nominated to fill vacant ministerial jobs. Parliament approved five of

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Iraq, Oil Companies Agree to Restart Investment, Boost Output

By Ahmed Rasheed and Aref Mohammed BAGHDAD/BASRA – Aug 11 – Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production to increase in 2017, Iraqi oil officials said. The agreements, reached in

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Kurds Ready for New Oil Deal with Baghdad if They Get $1 Bln a Month

By Maher Chmaytelli and Isabel Coles ERBIL, Iraq, June 15 – Iraq’s Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees them a monthly revenue of $1 billion, a spokesman for the Kurdistan Regional Government (KRG) said. Iraq’s central government in

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Iraq Preparing to Push Daesh Away from Oil Region

BAGHDAD, March 16 – Kurdish Peshmerga forces, an Iran-backed Shi’ite militia and Iraq’s army will launch an offensive soon to push Daesh fighters away from the northern oil region of Kirkuk, a state newspaper reported on Wednesday. The operation would bring the combined forces closer to Mosul, the largest Iraqi city still held by Daesh,

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