Luaibi announces Nov bid round, export and production forecasts

Iraq's Deputy Prime Minister for Energy Affairs Hussain al-Shahristani (L) and Oil Minister Abdul Kareim Luaibi (2nd L) attend the reopening of Beiji oil refinery, 180 km (112 miles) north of Baghdad March 21, 2011. Iraq's largest oil refinery reopened after it was attacked by militants on February 26, 2011. (SABAH AL-BAZEE/Reuters)

Iraq's Oil Minister is pressing ahead with an auction of exploration blocks as the country gears up for big oil output increases amidst soaring oil prices.

  • Iraqi Oil Minister Hussain al-Shahristani (left) with Turkish Energy Minister Taner Yildiz at a press conference Sept. 19, 2010, after renewing an agreement on the northern Iraq export pipeline. (BEN LANDO/Iraq Oil Report)

    Gas fields bidding round delayed to Oct. 20

    Two new companies buy data packages for auction of three natural gas fields, which has been delayed again due to IOC concerns over contracts and politics.

  • Then-Iraqi Oil Minister Hussain al-Shahristani (R) speaks with China's energy giant CNOOC director Yang Hua as Turkey's TPAO director Mehmet Uysal listens on following the signing of an oil deal in Baghdad on May 17, 2010, while other members of the delegation look on. Buoyed by projected oil revenues and discontent with Baghdad, the provinces of Missan, Basra and Dhi Qar are seriously contemplating forming a semi-autonomous federal region. (SABAH ARAR/AFP/Getty Images)

    CNOOC, TPAO finalize Missan fields contract

    Twelfth contract signed with foreign firms since 2008 will push production capacity to more than 12.5 million bpd within seven years, boosting Missan province's oil standing. And more deals may be in the pipeline.

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