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Iraq revives oil-for-projects deal with China

Iraq appears to be resurrecting a landmark oil-for-projects agreement it signed with China six years ago following US pressure to put the pact on hold. Iraqi experts disclosed that Baghdad has just ...
Crude Oil Prices

Iraq’s 7 Million bpd Oil Production Goal Draws Swift Response from Chinese Firms

Iraq's Oil Ministry recently reiterated its 7 million barrels per day production target. As it stands, more than a third of all Iraq’s proven oil and gas reserves and over two-thirds of its current ...

Iraq Becomes a Battleground for China and Western Oil Giants

China has deeply entrenched itself in Iraq’s energy and infrastructure, controlling about a third of proven reserves and ...
Bloomberg L.P.

Exxon Signs Majnoon Oil Field Deal for Re-Entry Into Iraq

Exxon Mobil Corp. signed agreements that lay the groundwork for it to explore Iraq’s giant Majnoon oil field, ending the company’s near two-year hiatus in the country. The Texas oil major has signed ...
Reuters

Iraq says it will submit updated plan to compensate for oil overproduction

DUBAI/BAGHDAD, Feb 24 (Reuters) - Iraq reaffirmed its commitment to the OPEC+ agreement on Monday and said it would present an updated plan to compensate for any overproduction in previous periods, ...

Grappling with its worst drought in a century, Iraq bets on a controversial oil-for-water deal

The historic “land between two rivers” faces a crisis as the Tigris and Euphrates shrink dramatically amid severe drought and ...
Reuters

Chinese independent oil companies in Iraq

Aug 4 (Reuters) - A handful of independent Chinese oil companies are piling into Iraq, planning multi-billion-dollar projects to develop its vast reserves in a challenge to global and Beijing-backed ...
Crude Oil Prices

Iraq’s Oil Embargo Was Never Just About Oil

The oil dispute between Baghdad and the Kurdistan Region of Iraq (KRI) is fundamentally about sovereignty, not oil. Iraq’s Federal Supreme Court and the proposed Unified Oil Law have cemented ...
The New Arab

Syria, Iraq planning to revive Kirkuk–Baniyas oil pipeline

Syria and Iraq are preparing to restart the Kirkuk–Baniyas oil pipeline, which runs from the Kirkuk fields in Iraq to the Mediterranean coast in Syria, after being inactive since 2003. The project is ...
Al-Monitor

Turkey, Iraq sign oil-for-water deal: What to know

ANKARA — In a landmark deal, Ankara and Baghdad created a mechanism to channel revenues from Iraqi oil exports to Turkey into water projects built by Turkish firms. The deal comes as Ankara shores up ...
The New York Times

Oscar S. Wyatt Jr., Wily Texas Oilman, Is Dead at 101

He made billions selling energy with his Coastal Corporation, courted presidents and dictators, and eventually went to prison for paying kickbacks to the Iraqi government. By Robert D. McFadden Oscar ...