Budget cuts at Iraq's largest oil projects reflect the Oil Ministry's softening ambitions for long-term production targets.
The new refining chief says Karbala is on track, Missan is behind schedule, Nassiriya is open for offers, Kirkuk is ready for financing, and Basra can dip into petrodollars to build a new one.
The leader of Iraq's oil capital discusses economic development and security for Basrawis and oil companies.
Oil sales climb again to records highs, as a new marketing structure and strengthening cooperation between Baghdad and Erbil spur growth.
As Iraqi leaders prepare a major operation to retake Anbar province, IS fighters overrun security forces in northern Ramadi.
Zebari discusses contract renegotiations with oil companies, financing Iraq's budget deficit, and building trust between Baghdad and Kurdistan.
Iraq sold 2.98 million bpd in March – a 15 percent jump from February – increasing the cash-strapped government's monthly revenue by more than $1 billion.
The Oil Ministry is seeking to align IOC incentive structures with tight fiscal realities, but is not considering a switch to industry-favored production sharing contracts.
By introducing a new blend of export oil, "Basra Heavy," the Oil Ministry hopes to raise both the quality and quantity of sales.
Dhia Jaffar promoted as ministry names deputies for production, refining, gas and distribution.
