UPDATE: Attacks continue on south oil sector

Excess gas is flared at the Rumaila oil field in Basra, as workers look on. (ATEF HASSAN/Reuters)

Roadside assault targets western contractor providing oil sector security, the latest in an uptick of violence.

  • Oil seeps from the ground outside the village of Tawke, in Iraq's Kurdistan region. The Tawke oil field is ready to export when an agreement is reached on contractor payments between the regional and central governments. (BEN LANDO/Iraq Oil Report)

    Cabinet OK's KRG payments

    Statement from government doesn't disclose numbers, but says Finance Ministry to start audit of companies to determine payments.

  • 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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Shahristani in Erbil: DNO, Taq Taq oil exports OK from north Iraq

*Export issues remain *No deal reached on other KRG oil deals *Khurmala dome to be joint developed *Iraq oil exports increase but income drops with oil price Two companies developing oil fields in Iraq's Kurdistan region received approval from Baghdad to tie in to the northern Iraq pipeline, a company official said. An official from [...]

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