OPEC could decide to keep production levels unchanged when it meets in Vienna on May 28, provided that oil prices maintain their firmer trend
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raq started exporting oil from its largely autonomous Kurdistan region for the first time on Wednesday, Iraq's Oil Ministry said, in an apparent breakthrough after years of deadlock over disputed Kurdish oil contracts
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Fayadh al-Mosawi, who had been head of South Oil's Planning Department, was named the new head of the company last week, Oil Ministry spokesman Assem Jihad said
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Iraq’s self-governed Kurdish region began exporting oil for the first time yesterday, pumping crude through a pipeline to Turkey for sale to foreign markets
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Heritage Oil, the explorer founded by former mercenary Tony Buckingham, jumped 20 per cent to a new record high of 480p after it struck oil in Kurdistan, northern Iraq
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Before the 2003 invasion, Iraqi crude oil production was about 2.5 million barrels per day (400,000 m³/d) (BPD).
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Foreign investment needed for oil well plans
*70 new oil wells to start pumping soon
*Iraq addressing oil infrastructure shortfalls
By Aref Mohammed
BASRA, April 17 (Reuters) - Iraq needs foreign companies to invest in drilling more oil wells as it does not have the capacity on its own to more than double national output of 2.3-2.4 million barrels per day of crude, the oil minister said.
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AGHDAD, April 16 (Reuters) - Iraq has asked oil firms Nippon Oil of Japan (5001.T: Quote, Profile, Research), Eni (ENI.MI: Quote, Profile, Research) of Italy and Repsol (REP.MC: Quote, Profile, Research) of Spain to resubmit bids for developing the Nassiriya oil field, Oil Minister Hussain al-Shahristani said on Thursday.
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