Oil Ministry -- Iraq has 150 billion barrels of reserves

BAGHDAD, April 12 (UPI) -- Iraq's oil ministry is raising its estimate for the country's proven oil reserves to 150 billion barrels.

Iraq oil revenue reaches post-war high

BAGHDAD, Aug. 25 (UPI) -- Iraq reached a post-invasion record in terms of oil revenue and exports for the month of July, a spokesman for the Iraqi Oil Ministry said.

Old Iraq oil deals "all canceled," ministry spokesman says

WASHINGTON, April 21 (UPI) -- All of the oil deals signed by Saddam Hussein have been "canceled" and the companies must bid for the fields again, the Iraq Oil Ministry spokesman says.

Iraq oil exports up, production down

WASHINGTON, March 25 (UPI) -- Iraq's oil exports have increased in recent months, boosting state income, but overall oil production has dropped, according to Oil Ministry data.

Oil instead of cash for Iraq oil deals

BAGHDAD, March 11 (UPI) -- Iraq's oil minister confirms crude in lieu of cash is a major consideration for upcoming contracts, despite U.N. roadblocks.

Fire shuts Kirkuk-Ceyhan pipeline

KIRKUK, Iraq, March 11 (UPI) -- A fire in Iraq's northern pipeline system has stopped oil exports from the Kirkuk oil field to Turkey.

Analysis: Iraq oil deals moving in phases

WASHINGTON, March 10 (UPI) -- With or without a new oil law, Iraq will sign deals with international oil companies aimed at boosting production, the top Oil Ministry spokesman said.
BEN LANDO, UPI Energy Editor

Iraq oil minister slams KRG on Turkey trip

ANKARA, Turkey, March 10 (UPI) -- Iraq's oil minister reaffirmed ties with Turkey and rejected Iraqi Kurdistan's oil deals in visits to Ankara over the weekend.
Iraq: Big Oil deals could clear late-March

Iraq: Big Oil deals could clear late-March

WASHINGTON, March 6 (UPI) -- Iraq will wind up negotiations with five Big Oil firms later this month on key fields and soon announce the firms that qualify for an upcoming bidding round.

Iraq Kirkuk oil now contract, not auction

BAGHDAD, Jan. 28 (UPI) -- Iraq's Oil Ministry Sunday stopped auctioning its Kirkuk oil and began selling term contracts as production from the north has increased.

Iraq refineries face perfect storm

BAGHDAD, Jan. 28 (UPI) -- Only one of Iraq's three major refineries is working after fires and electricity supply cuts took their toll in the winter cold.

Iraq ready to launch second new oil tanker

BASRA, Iraq, Jan. 25 (UPI) -- Iraq's key oil port will celebrate Sunday with the inauguration of the second of a growing fleet of new oil tankers.

Analysis: Iraqis without fuel, power

WASHINGTON, Jan. 22 (UPI) -- You can't have one without the other, but with many of Iraq's power plants shut and refineries stopped, Iraqis have neither fuel nor electricity.
BEN LANDO, UPI Energy Editor

Iraq political fight over Kurd oil deals

BAGHDAD, Jan. 14 (UPI) -- An Iraq Oil Ministry spokesman says firms that deal with Kurds will be kept out, while a Kurdish parliamentarian calls for the minister's job.

Oil firms wanting Iraq deals must register

WASHINGTON, Jan. 3 (UPI) -- Iraq's Oil Ministry said all companies interested in winning contracts need to register as Iraq moves closer to its first tenders of oil fields.
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