Iraq oil production down, capacity up, U.S. Iraq inspector finds

Plus: Electricity levels are bullish but details in the report are wanting Iraqis pay more to fill gas tank, if they can find fuel A U.S. review of Iraq reconstruction finds Iraq oil production down compared with this time last year, though capacity is up. Electricity production has hit record wartime levels, but both sectors [...]

U.S. OK’s Saddam oil law for today’s oil deals

The U.S. State Department says an oil law implemented under Saddam Hussein is good enough for Iraq’s national government to sign oil deals, though it would prefer a new national law -- mired in controversy and far from approved -- to be used instead. The new position is a shift for the U.S. government, or [...]

Iraq’s oil flowing to Turkey still, but bad signs linger in the north and south of Iraq

Oil continues to flow from Kirkuk to Turkey, despite Kurdish separatist threats to blow it up as a tactic against Turkey, Simon Webb reports for Reuters. Iraq was pumping around 400,000 barrels per day of Kirkuk crude to Turkey on Thursday for the seventh consecutive day, the shipper said. "The flow is about 18,000 barrels [...]

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