Iraq oil exports, revenue rebound

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November oil sales have ticked up on higher oil prices and volumes, heading into uncertain new year with output expected to rise.

Contract for next auction in September

Iraqi Oil Minister Abdul Karim Luaibi (r) talks to reporters at the 159th meeting of the OPEC Conference in Vienna on June 8, 2011. Iraq's planned production increase and upcoming exploration blocks bidding round will challenge Saudi Arabia for primacy of the cartel. (JOE KLAMAR/AFP/Getty Images)

Iraq outlines the plan for the two-day roadshow next month where pre-qualified oil companies will get details on the 12 exploration blocks in the January auction.

Iraq sets January bidding round date, amidst delays

A representative of Kuwait Energy casts its winning bid for the Siba gas field as oil ministry leaders look on at the Oct. 20, 2010 licensing round. (BEN LANDO/Iraq Oil Report)

The Oil Ministry has scheduled its fourth bidding round for Jan. 25 or 26, despite parliamentary opposition, and will release the list of pre-qualified companies next week.

Bombs in Daura refinery intensify security scare

Smoke billows from the Zubair tank farm June 5, 2011, after a bomb exploded on a storage tank. (Source: Olive Group incident report)

Four bombs found in Baghdad's main refinery could have caused massive damage, the third inside job on Iraq's oil sector in four months.

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