IOCs, diplomats tout foreign investment in Iraq oil boom

BP Iraq President Michael Townshend (r) shows U.S. Ambassador to Iraq Christopher Hill and other foreign diplomats rig placement on a map of the Rumaila oil field. (BEN LANDO/Iraq Oil Report)

Tour of Rumaila field organized by UK and US embassies intended to show support for Iraq plan to massively boost oil exports, overcome obstacles.

Weapons find near oil field worries jumpy south

A cache of weapons, uncovered in Basra near the Iranian border on Saturday, on display by the Iraqi Army. (STAFF/Iraq Oil Report)

Initial report that weapons were found on a key oil field spread concerns of threats to massive planned investment, though industry official says it is used to operating in tough places.

Energy

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Power plans confront fuel, infrastructure problems

Ra'ad al-Haris, Iraqi deputy minister of electricity. (BEN LANDO/Iraq Oil Report)

Iraq's deputy electricity minister explains to Iraq Oil Report how a recent drop in capacity highlights the struggles and (soon-to-be) success of power sector development.

Business

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Plans vague, rely on oil

Iraqi workers build the base of a small bridge in central Baghdad on May 12, 2010, as part of municipal projects aimed at helping ease traffic in the congested Iraqi capital. (ALI AL-SAADI/AFP/Getty Images)

A new 5-year plan for economic and social development in Iraq offers little details, but relies on oil exports to double and fund projects that will only succeed if security improves.

Interviews

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Power plans confront fuel, infrastructure problems

Ra'ad al-Haris, Iraqi deputy minister of electricity. (BEN LANDO/Iraq Oil Report)

Iraq's deputy electricity minister explains to Iraq Oil Report how a recent drop in capacity highlights the struggles and (soon-to-be) success of power sector development.