IRAQI TRANSITIONAL NATIONAL ASSEMBLY MEETS
Iraq's Parliament speaker Hajim al-Hassani (C) is seen sitting between Deputy Speakers Aref Taifour (R) and Hussain al-Shahristani (L) April 17, 2005 duringÊ the assembly session in the heavily fortified Green Zone area in Baghdad, Iraq. (UPI Photo/Wathiq Khuzaie/Pool)
Latest Headlines
It would be a "grave mistake" for Exxon Mobil to start operations in contested border regions in northern Iraq, the country's deputy prime minister said.
Iraq is preparing for its fourth auction of oil and natural gas exploration zones as it tries to rival Saudi Arabia as the world's leading oil producer.
Iraq expects oil production to reach 10 million barrels per day within the next six years, the country's deputy prime minister said from Washington.
Iraq has moved to the top of the list of countries with lucrative oil reserves, the country's deputy prime minister said.
The Iraqi government gave assurances to South Korea that it could cover an oil shortage if sanctions against Iran disrupted supplies, Seoul said.
Washington had warned companies like Exxon Mobile that doing business in the Iraqi energy sector carries inherent political risk, the State Department said.
British companies are behind European counterparts in terms of investment in Iraq's burgeoning oil sector, contracts indicate.
Iraq expects the output of crude oil to increase by about 400,000 barrels of oil per day by early next year, the country's oil minister said.
Iraqi Oil Minister Hussain al-Shahristani could leave his post for a new position under the prime minister, a top government official said.
Iraq holds more than 140 billion barrels of extractable oil, an increase of about 25 percent, the country's oil minister announced Monday.
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