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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Disputes over how oil sector should be managed, controlled will culminate in Parliament questioning of oil minister.
Iraq oil exports see increase but not enough to offset price slump
Plus: *Confusion remains over first bidding round as round 2 announced *Heritage spuds in KRG *U.S. pressing for extension of immunity for Iraq oil revenue *Paris Club makes good on forgiving last 20 percent *Basra: U.S. troops in, elections coming, federal state fight looms *Women’s rights leader beheaded in Kirkuk *Alive in Baghdad: Journalists Still [...]
Displaced take over government buildings
As U.S troops entered Iraq in 2003, displaced families everywhere occupied abandoned government buildings and converted them into shelters.
Basra amidst violence may see major push by previously ineffective Iraqi troops…
Plus: *Doubts linger in Big Oil's mind over signing time for new deals *Top energy adviser to Maliki assures the terms are good enough *Iraq cuts Basra crude price to European buyers *KBR finishes Persian Gulf platform work *Much more... Basra is the key to Iraq -- a major city and source of oil, plus [...]
