Iraq aims to reduce IOC red tape

Passengers wait to go through customs at Baghdad International Airport. (MOHAMMED AMEEN/Reuters)

PM Maliki has ordered his government to ease logistical restrictions that have slowed foreign oil development, though companies have not yet seen improvements.

  • Iraqi Parliament Approves New Government

    Oil law deal unlikely this year

    After politicians optimistically touted a new oil law negotiating framework, the two sides have yet to meet and positions remain entrenched.

  • Exxon delegation

    Analysis: What was Exxon thinking?

    Exxon risked its stake in a super-giant Iraqi field and cast its lot with Kurdistan. The gamble might not be as risky as it seems.

Luaibi to Iran for Hormuz threat talks

Iraqi Foreign Minister Hoshiyar Zebari (left, C) and his Iranian counterpart Ali Akbar Salehi (right, C) smile as they attend an official meeting in Tehran June 21, 2011. (MORTEZA NIKOUBAZ/Reuters)

Iraq's Oil Minister, also president of OPEC, will be in Iran Thursday as pressure mounts over Iran's threat to shut Strait of Hormuz for oil flow.

Energy

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Heading off summer power protests

Nassiriya protest 4

Fearing unrest on the heels of the "Arab Spring," government OKs emergency fuel to angry citizens who forced out electricity minister last year.

Business

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Sour grapes refined to wine in post-oil auction Diyala

Officials in Diyala province, miffed that foreign companies missed the opportunity for oil investment here, are looking upbeat now at alternative investment prospects.

Interviews

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Q&A: Adnan Janabi

Janabi resized

An oil industry expert now chairs the Parliament's Oil and Energy Committee. Adnan Janabi talks about short-term priorities for key oil laws and relations between Baghdad and the KRG.