Iraq upbeat on uphill road to record oil boom

A worker of Iraq's state-run South Oil Company walks past a crude processing facility at Nahr Bin Umar field, north of Basra, October 3, 2011. This crude processing facility will be able to handle a capacity of 50,000 bpd, Dhia Jaffar, the head of South Oil Company, said. (ATEF HASSAN/Reuters)

Iraqi officials tout increased oil output gains, confident slowed key projects will be completed on time.

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.

More details, delay for Iraq 4th bidding round

Iraqi Oil Minister Abdul Karim al-Luaibi speaks to the press in Baghdad on April 25, 2011, to announce that Iraq is to auction 12 gas and oil fields to foreign companies in January 2012, in the fourth such opening of its energy sector. (AHMAD AL-RUBAYE/AFP/Getty Images)

A fourth auction of hydrocarbons projects, this time for exploration blocks, will take place in January not November for dozens of pre-qualified International Oil Companies.

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Iraq to ease logistical, tariff burden for oil firms

Iraqi Minister of Transportation Amer Abdul-Jabbar Ismael with employees of the Iraqi State Company for Maritime Transport.

As oil companies mobilize people and equipment for the coming oil boom, Iraq's minister of transportation talks about discounted tariffs for oil-sector imports and solving logistical problems at the ports.