More than a dozen current and former North Oil Company employees as well as advisors have been implicated.

Iraq is looking for international oil companies to play a large role in renewed plan for fields on border with Iran.

New pipeline will feed Basra power plants with Iranian gas – another sign of growing energy cooperation between the neighboring countries.

For the first time, international companies will be paid for oil production stemming from Iraq's new generation of exploration contracts.

Iraq's oil sector is showing resilience amidst political and financial crises, exporting more than 3.2 million bpd for the fifth straight month.

Gas will fuel at least a power plant in Diyala province within weeks, after years of security delays.