Iraq is scrambling to diversify its oil export routes amidst Iran-U.S. tensions, but there are no quick fixes.
Energy
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The Oil Ministry and Honeywell have agreed to initial terms on a project that promises to cut nearly one-fifth of Iraq's current gas flaring – and could help convince the U.S. to keep granting Iran sanctions waivers.
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As OPEC members reaffirm a quota agreement, Iraq has posted two straight months of elevated production.
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Ashti Hawrami, head of the Ministry of Natural Resources since 2006, to play key transition role over next two years but was not re-nominated as minister.
