Budget cuts at Iraq's largest oil projects reflect the Oil Ministry's softening ambitions for long-term production targets.
Production & Exports
The leader of Iraq's oil capital discusses economic development and security for Basrawis and oil companies.
Oil sales climb again to records highs, as a new marketing structure and strengthening cooperation between Baghdad and Erbil spur growth.
Iraq sold 2.98 million bpd in March – a 15 percent jump from February – increasing the cash-strapped government's monthly revenue by more than $1 billion.