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Iraq takes action on illicit oil schemes

U.S. designation of a key oil sector logistics provider highlights sanctions risks, prompting Iraqi measures to combat corruption in fuel trading.
Iraqi Navy vessels take part in operations to combat illicit oil sales in August 2025. (Photo credit: GCPI)
May 6, 2008

Iraq Oil Ministry extends deadline for pipeline to and from Iran…

Plus: *John McCain and the confusion over war and oil *Children at War -- two looks by War News Radio and Alive in Baghdad *Turkey, Iraq's Kurds and the PKK *Iraq Press Roundup *Much, Much more... Iraq's Oil Ministry has extended the deadline for companies to submit plans to design and supply the equipment for […]

May 2, 2008

Iraq restarts dialogue with Big Oil firms as June deadline looms…

Plus: *Iraq oil proceeds in first four months of 2008 exceed half of total 2007 oil sales *Ex-electricity minister bails out Rezko from Chicago jail *Turkey offers to train Iraqi Army... *...As it conducts groundbreaking talks with Kurds in Baghdad... *...And starts bombing PKK in N. Iraq again *CPJ: Killings of journalists in Iraq ignored […]

Apr 25, 2008

Iraq Oil Ministry: Exports drop but rising price means revenue increases…

Plus: *Internal pipeline explosion affects fuel *Saddam-era deals with China, India, Vietnam and Indonesia likely to move *Turkish overtures to Baghdad and Erbil *Crackdown on smuggling and control of gas stations *Much, much more… Iraq oil sales earned $500 million more in March than February because of increased oil prices, despite a slight drop in […]

Apr 24, 2008

Iraq oil exports drop slightly as price of oil stays high…

Iraqi oil exports have dropped by 17,000 barrels last month mainly due to lower output from the northern oil fields of Kirkuk, an Oil Ministry statement said, Azzaman reports. New data on Iraq oil revenues suggests that country's government will reap an even larger than expected windfall this year — as much as $70 billion […]

Apr 22, 2008

Iraq Oil Ministry: waiting for Big Oil for oil development, but not past June…

Iraqi Oil Minister Hussain Al-Shahristani said Tuesday the country will likely drop oil service contracts with foreign companies if they don't have their proposals finalized by a June deadline and will move forward with the work on its own, Dow Jones Newswires reports. "June is already a bit late... We may drop them if they […]

Apr 21, 2008

Kurdish region PM Barzani says “progress” on Iraq oil law…

*But Iraq Oil Ministry says not so fast *All Saddam-era oil deals canceled, to be up for bid *Iraq to sign two-year deals with Big Oil in June *Scattered Dreams: Iraq’s Refugees *$1.5 M for Sadr City *Iraq Press Roundup Iraq's Kurdish region leader said talks in Baghdad on key controversial issues, including the oil […]

Apr 18, 2008

Turkey upset about Iraq oil snub…

The fact that Turkey’s national oil company was not among 35 companies approved over the weekend by Iraq’s Oil Ministry to bid for soon-to-be announced tenders to develop oil and gas fields led to disappointment is Ankara, particularly at a time when Turkey planned to strengthen relations with its neighbor through further energy cooperation, Today’s […]