Iraq postponed its heralded public opening of a new export system, but major infrastructure plans are still moving forward, including a new $1 billion West Qurna 2 contract.
Production & Exports
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Iraq's Oil Ministry announced a timeline to bring new exports online, as well as its first new oil field discovery in 30 years, and 2011 oil and revenue statistics.
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Iraq's Oil Minister, also president of OPEC, will be in Iran Thursday as pressure mounts over Iran's threat to shut Strait of Hormuz for oil flow.
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Genel Energy takeover of Chia Surkh block a bellwether of deal-making and expansion in Kurdistan this year.
