×

Business Iraq

  • May 28- A tender to develop Iran's Azadegan oil field will be held before next Friday, National Iranian Oil Company Managing Director Ali Kardor told state-run Press TV on Sunday. The Azadegan field is located in southwest Iran near the border with Iraq. It has 37 billion barrels of oil, Petroleum Engineering and Development Company Managing Director Seyed...

  • Iraqis inspect the damage in the Mosul al-Jadida area on March 26, 2017, following air strikes in which civilians have been reportedly killed during an ongoing offensive against the Islamic State (IS) group.

    The Pentagon completed its probe of a US airstrike in Mosul, concluding ISIS booby trapped the building where more than 100 civilians died.

  • Jabbar al-Luaibi, Iraq's oil minister, arrives for the 171st Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Wednesday, Nov. 30, 2016.

    Iraq's Jabbar al-Luaibi and Iran's Bijan Zanganeh expressed support for a nine-month extension to OPEC-led production cuts.

  • Saudi soldiers march during Abdullah's Sword military drill in Hafar Al-Batin, near the border with Kuwait.

    An "Arab NATO" alliance hyped ahead of President Trump's Saudi visit probably wouldn't have worked and could have inflamed sectarianism.

  • BAGHDAD/ VIENNA, May 22- OPEC heavyweights Saudi Arabia and Iraq agreed on Monday on the need to extend a global cut in oil supply by nine months in an effort to prop up crude prices, removing a potential stumbling block as producing countries prepare to meet this week. OPEC meets in Vienna on Thursday to consider whether to prolong the original deal reached in...

  • BAGHDAD— Saudi Arabia's energy minister said Monday that he doesn't expect any objections to a nine-month extension to the existing production cut deal between OPEC and non- OPEC members— an agreement that would extend the deal through March 2018. Late last year, the Organization of the Petroleum Exporting Countries and non- OPEC members reached a deal to cut...

  • BAGHDAD, May 22- Saudi Energy Minister Khalid al-Falih said on Monday that an OPEC- led oil output cut had helped balance the market, aiding a recovery in the industry but not a complete one.

  • Iraq oil

    Oil prices were volatile on Monday as investors awaited a signal on output policy from OPEC's two biggest producers.

  • BAGHDAD, May 22- Iraqi Oil Minister Jabar Ali al-Luaibi said on Monday he agreed with Saudi Arabia on the need for extending OPEC crude output cuts for a further nine months. Saudi Energy Minister Khalid al-Falih, speaking at the same news conference in Baghdad, said the Iraqi prime minister also agreed on the need to extend OPEC cuts for a nine-month period.

  • BAGHDAD, May 22- Saudi Energy Minister Khalid al-Falih said on Monday he did not expect any opposition within OPEC to extending oil output cuts for a further nine months, speaking after he met his Iraqi counterpart in Baghdad. The Saudi minister told a news conference that a new oil output deal would be similar to the previous pact with minor changes.

  • *Iraq has so far insisted on extending OPEC cuts by 6 months. BAGHDAD/ VIENNA, May 22- Saudi energy minister Khalid al-Falih paid a rare visit to Iraq on Monday in the latest effort by the top oil producer to convince its fellow OPEC member to extend supply cuts for a further nine months to ease the global glut and prop up prices. The Organization of the Petroleum...

  • LONDON, May 22- Iraq has achieved its share of the production cuts agreed by OPEC and non- OPEC producers at the end of last year but remains ready to meet future oil demand growth, Iraqi oil minister Jabar al-Luaibi said in a speech on Monday. "Iraq as the second-largest producer in OPEC confirms its achievement to the commitment to implement the production cut and...

  • LONDON, May 22- Iraq has achieved its share of the production cut agreement reached by OPEC and non- OPEC producers at the end of last year but remains ready to meet future oil demand growth, according to a speech by Iraqi oil minister Jabar al-Luaibi on Monday. "Iraq as the second largest producer in OPEC confirms its achievement to the commitment to implement the...

  • BAGHDAD, May 22- Saudi energy minister Khalid al-Falih will meet with his Iraqi counterpart in Baghdad on Monday as the top oil producer seeks to convince others to extend output cuts for a further nine months ahead of an OPEC meeting on Thursday. The Organization of the Petroleum Exporting Countries meets in Vienna to consider whether to extend the cuts agreed...

  • Iraq is key to future of OPEC cut agreement: RBC

    Helima Croft, chief commodities strategist at RBC Capital Markets, speaks about the importance of Iraq in the global oil market.

  • *OPEC panel looked into extension and deeper cut scenario. *OPEC, non- OPEC meet on May 25 in Vienna. RIYADH, May 21- OPEC and other oil producers are on course to agree an extension of supply cuts at a meeting on Thursday, with Saudi Arabia saying most participants are on board with the plan to rein in a global supply glut.

  • DEAD SEA, Jordan— The Latest developments at the World Economic Forum in Jordan:. The EU foreign policy chief says Europe does "not see eye to eye" with the Trump administration on major issues such as trade, climate change and funding of U.N. agencies, but can "easily" work with the U.S. on Syria and the Israeli-Palestinian conflict. Trump visits Europe next week, after...

  • In coming days, Trump is to visit Israel and the Palestinian territories before heading to Europe. Mogherini said that Europe does "not see eye to eye" with the Trump administration on major issues such as trade, climate change and funding of U.N. agencies, but can "easily" work with the U.S. on the conflicts in Syria and between Israelis and Palestinians.

  • Where is Iraq heading politically? A CEO weighs in

    Crescent Petroleum CEO Majid Jafar says it looks like there’s a lot of “cautious optimism” coming out of abating Iraq’s political situation.

  • North Korean leader Kim Jong Un reacts during the long-range strategic ballistic rocket Hwasong-12 (Mars-12) test launch in this undated photo released by North Korea's Korean Central News Agency (KCNA) on May 15, 2017.

    Pricier smartphones and higher U.S. federal debt are among the key consequences from a potential war against North Korea, according to a Capital Economics.