Iraq says jump in oil reserves is only the start

Iraqi Oil Minister Hussain al-Shahristani announces an increase in estimates of the country's oil reserves. (BEN LANDO/Iraq Oil Report)

The Oil Ministry revised its proven oil reserves upward by nearly 25 percent, a number that will increase as it lures investors, despite political challenges.

Garraf deal official

Petronas and Japex finalize development deal for Garraf, as ministry readies for another week of oil contract signings and negotiations.

Lingering in the pipeline

Oil exports from northern fields doesn’t mean a deal on KRG oil contracts, even those exporting now, and a compromise is made more complex by gas deal.

Energy

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Interviews

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Interview: Iraqi Kurdistan’s coordinator for U.N. missions … Iraqi oil capital Basra faces tough new year … Kurds make deal with Sunni Arabs … Pentagon to make example of journalist: treat like terrorist …

There is one Iraq, but there are also two: the northern, potentially oil-rich region controlled by Iraq's Kurds, and the rest of Iraq. That, says the Kurdish liaison to U.N. efforts in Iraqi Kurdistan, is how the international community should view it. "We say Iraq could not be treated as one simple state," said Dindar [...]