A perfect storm of factors — OPEC cuts, bad weather in the Basra Gulf, and flooding — caused Iraq’s output to fall by more than 4 percent.
Energy
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After a former Petrofac executive pled guilty to paying bribes in Iraq and Saudi Arabia, the Oil Ministry has ordered an end to negotiations over the Ratawi gas hub.
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The first of federal Iraq's three gas fields awarded in a 2010 bidding round is now nearly ready for commercial production, helping the country become a sustainable producer of electricity.
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The prime minister has tapped Amiri - the paramilitary commander-turned-political maverick - to coordinate an array of urgent initiatives in Iraq's oil capital.
