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Iraq's Cabinet will meet next week to ratify a deal with a consortium led by Italy's Eni SpA to develop a prized southern oil field, the prime minister said Tuesday.
The Iraqi government said Saturday it has approved a contract with a British-Chinese consortium to develop a prized oil field in southern Iraq, a significant achievement for a country that has struggled to attract foreign investors despite its vast natural resource wealth.
Iraq's government on Wednesday approved a BP-led consortium's offer to develop a giant oil field in the south, moving forward with the only deal struck during a much-hyped but ultimately disappointing international oil auction.
An Iraqi oil official says Iraq's central government has approved Kurdish plans to start exporting crude oil next month.
The Iraqi Oil Ministry says the country's oil exports in December reached 56.2 million barrels.
The Iraqi Oil Ministry is studying offers submitted by three international oil companies to develop a prized oil field in southern Iraq, an official said Wednesday.
An Iraqi oil official says the country's oil revenues were up over 30 percent last year — to about $60 billion — despite the sharp decline in world prices in the last half of the year.
Iraq will offer 10 undeveloped or underdeveloped gas and oil fields in its second postwar licensing round due to begin Wednesday, the country's oil minister said.
Iraq's self-ruled Kurdish regional government will export crude oil for the first time by early next year, a Kurdish official said on Wednesday.
France's Total said Thursday that Iraq has ended negotiations to develop an oil field in southern Iraq, one of six reported cancellations of no-bid contracts with Western oil companies.
China and Iraq have signed a $3 billion deal revising a prewar agreement for China's biggest oil company to help develop the Ahdab oil field, an official at the Iraq's Oil Ministry said Thursday.
A major independent U.S. oil producer said Wednesday that it has ended negotiations with Iraq to develop an oil field.
The State Department's inspector general is investigating Iraqi oil contracts after four Democratic senators complained that department employees may have encouraged lucrative oil deals between Iraq and several Western companies.
Four Democratic senators, including Sen. Carl Levin, on Wednesday called on the State Department's inspector general to investigate whether agency employees encouraged lucrative oil deals between Iraq and several Western companies.
The prime minister of Iraq's self-ruled Kurdish region said Saturday that oil deals unilaterally signed by the Kurds with foreign companies will stand despite opposition from the Iraqi central government.
Iraq opened international bidding for eight enormous oil and gas fields Monday, paving the way for investment in a nation with some of the world's largest petroleum reserves.
Officials from the Iraqi central government and the self-ruled Kurdish region in the north will resume talks this week in Baghdad to try to settle their differences over a proposed new oil law, a Kurdish spokesman said Sunday.
The Bush administration indicated Tuesday that it had no plans to interfere with negotiations between Iraq and several Western oil giants to boost crude production in that country, despite concerns by some Democrats that the deal could inflame anti-U.S. sentiments.
Iraq should boost crude oil export capacity to 6 million barrels a day, nearly three times the amount the country currently sends to international markets, a top Kurdish political leader urged Tuesday.
New data on Iraq oil revenues suggests that country's government will reap an even larger than expected windfall this year — as much as $70 billion — according to the special U.S. auditor for Iraq.
Thirty-five international oil companies have qualified to bid for future oil and gas contracts to develop one of the world's largest oil fields, an Iraqi oil ministry statement said Sunday.
Oil giants Chevron Corp. and Total have confirmed that they are in discussions with the Iraqi Oil Ministry to increase production in an important oil field in southern Iraq.
A parliamentary committee is working on a pair of oil-related draft bills, one to re-establish the state-run oil company and another to fight oil smuggling, a senior lawmaker said Saturday.
Iraq has halted oil exports to Austria's OMV, the leading oil and gas group in central Europe, to protest a deal with the self-ruled Kurdish region, a government official said Saturday.
Iraq's oil exports rose 9.2 percent last year, the Oil Ministry announced Thursday, largely because improved security allowed pumping to resume through a pipeline from northern oil fields.
Exxon, oil giants prepared to sign no-bid oil deals in IraqFour Western oil companies — Exxon Mobil, Shell, Total, and BP — are in the final stages of "talks with Iraq's Oil Ministry for no-bid contracts to service Iraq's largest fields." The New York Times writes:
Why Are We In Iraq? The Oily World of Petro-Dollars and US HegemonyThis article is written from an Australian perspective and refers to the government of Prime Minister John Howard, but the second half deals with the global issues of Iraq, the Middle East and the politics and economics of petro dollars. Here are some snippets ...
Naked Neocons: Perjury and the Big Bad Wolfowitz"George Bush is trying to save Paul Wolfowitz' job as President of the World Bank even after the vulpine neo-con was caught slipping a load of World Bank loot to his love interest, Shaha Ali Riza.
US eyes still on the Iraqi oil prizeThis is a bit lengthy but forms a worthwhile study for anyone willing to consider that the Iraqi people and Iraqi sovereignty and a shining beacon of democracy for the new middle east and even the defeat of al Qaeda might all be smoke and mirrors for Bush Cheney.
The Bush administration manoeuvres to unseat Iraqi governmentDespite denials from Washington, there are growing signs that the Bush administration has issued threats to its puppet government in Baghdad to meet US-dictated "benchmarks" or face the consequences.
Iraq Billions In Stolen Oil Into Hands Of Corrupt Officials And InsurgentsLittle wonder why post war Iraqi oil production appears significantly down.
AlterNet: War on Iraq: Bush's Petro-Cartel Almost Has Iraq's OilDuring the build-up to the Iraq invasion and in the subsequent years, Rhandi Rhodes has been screaming that it was all about all. We almost never heard about it from the media. Now the real horrifying truth is revealed for all to see.
One of the facts most Americans forget is that, "We the People", own the oil reserves under our States and off our shores. The rights to drill are granted by lease to the oil companies. Those rights have been handed out for paltry fees which are rarely collected in full.
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