Kuwait targets Iraqi crude

The Iraqi Airways and Kuwait Airways offices in Damascus, Oct. 1, 2000. (KHALED AL-HARIRI/Reuters)

Kuwait Airways is threatening to seize Iraqi assets when UN immunities are lifted in July, to recover $1.2B from Saddam-era theft.

Iraq prioritizes southern export expansion

Evening at the al-Basra Oil Terminal. (BEN LANDO/Iraq Oil Report)

Iraq has signed a series of contracts that will create an additional 4.5 million bpd of export capacity by 2013 to handle a production boom and provide cover for needed repairs.

Fighting in Iraq’s oil capital Basra isn’t the first bloodshed between varying political and armed groups but may be the decisive battle for control over the oil sector, local government and the fate of the province.

The violence that has killed dozens and injured hundreds since Tuesday is billed as Iraq's military against "criminals, terrorist forces and outlaws," in the words of Iraqi Prime Minister Nouri al-Maliki who this week launched an Iraqi Security Forces offensive into Basra, Ben Lando reports for United Press International. But political parties and their militias [...]

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