Three days before the expiration of a prior waiver, the U.S. has decided to continue to refrain from punishing Iraq for essential gas and power imports.
Energy
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Lukoil has upgraded an assessment of its Block 10 exploration results – the latest success stemming from a 2012 contract auction that was initially seen as lackluster.
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Iraq's largest state oil company is expanding production capacity and building new infrastructure as it waits out an OPEC quota.
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Despite an OPEC quota, output is rebounding at Basra fields and new capacity continues to come online.
