Hungary’s MOL: Iraqi Gas Wells Late to Meet Output Target

Pearl Petroleum is a joint venture of Dana Gas (40%), Crescent Petroleum (40%), Hungarian fuels group MOL (10%) and Austria’s OMV (10%).

Exxon Grew As Oil Industry Contracted

While much of the oil industry contracted last year, Exxon Mobil expanded its oil and gas operations in the United States and around the world.

Decentralisation Bonanza in the Iraqi Budget

“Pork barrel” may perhaps come across as supremely insensitive in the Iraqi context and yet this very American expression may be the best way of explaining the political compromise that facilitated the passage of the 2010 budget in the Iraqi parliament yesterday.

Decentralisation Bonanza in the Iraqi Budget

“Pork barrel” may perhaps come across as supremely insensitive in the Iraqi context and yet this very American expression may be the best way of explaining the political compromise that facilitated the passage of the 2010 budget in the Iraqi parliament...

Iraq: China to Write off 80 Percent of Iraq Debt

Iraq said Tuesday that China has agreed to write off 80 percent of Iraq's debt, a move that could further push Chinese business interests in the war-battered nation as Baghdad seeks international investments to fund reconstruction.

Iraq: China to Write off 80 Percent of Iraq Debt

Iraq said Tuesday that China has agreed to write off 80 percent of Iraq's debt, a move that could further push Chinese business interests in the war-battered nation as Baghdad seeks international investments to fund reconstruction.

The Iraqi Oil Conundrum: Energy and Power in the Middle East

How the mighty have fallen. Just a few years ago, an overconfident Bush administration expected to oust Iraqi dictator Saddam Hussein, pacify the country, install a compliant client government, privatize the economy, and establish Iraq as the political...

BP Posts Below-target Annual Profits

BP has announced annual profits of $13.955 million (£8.755m), down 45% compared to a year ago, lower than analysts’ predictions last week.

Global Market Balance Prevents 3rd Licensing Round — Iraq Min.

Iraqi Oil Minister Hussein Al-Shahristani said on Tuesday Iraq's keenness on the global market balance and stable oil prices had prevented the launching of the third license round for Iraqi oilfield development.

Kurdistan Says Could Pump 1 Mln Bpd Oil in 3 Years

Iraqi Kurdistan should be able to pump as much as 1 million barrels per day (bpd) of oil within three years, Natural Resources Minister Ashti Hawrami said on Tuesday.

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