As the world’s second-largest and fastest-growing consumer of oil
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According to Los Angeles Times paper, noted that one of the largest American oil companies is considering various options, including the purchase of shares in other companies
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Iraq launched its first major energy auction since the 2003-led invasion on Tuesday, awarding its largest field to a BP-led group but doling out far fewer contracts than expected due to tough payment terms
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Iraq faces regulatory, administrative and political barriers that will prevent it from major oil production expansion for at least five years
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Iraq failed to award most contracts it offered yesterday in a bidding round aimed at attracting foreign partners and their cash, leaving the country seeking new ways to develop the world’s third-largest oil reserves
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A BP-led group won a deal to develop Iraq's biggest oilfield but had to slash its fee as Baghdad's tough terms put off other investors in the country's first major energy auction since the U.S.-led invasion in 2003.
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Falah al-Amiri, The chairman of State Oil Marketing Organization (Somo) stated on Tuesday that Iraq's exports in June were up slightly to 1.925 million bpd from 1.905 million bpd in the previous month.
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Iraq plans to bring forward a second bidding round for major energy contracts, a spokesman said on Thursday
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