Business News Iraq

  • The International Energy Agency predicted Tuesday that Iraq will consolidate its position as a global oil power _ allowing it to rebuild the economy of a nation ravaged by war and decades of Saddam Hussein's autocratic rule.

  • LONDON, Oct 9- Iraq's oil production is on course to more than double by 2020, the International Energy Agency said, although delays to investment could tighten the global market in coming decades and push prices higher.

  • Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.

  • Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.

  • LONDON, Oct 9- Gulf Keystone, one of the biggest companies listed on London's junior AIM stock market, is due to start the defence of its ownership of a huge oil field in Iraqi Kurdistan in a London court this week.

  • Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.

  • Financial Times Headlines INVESTOR OPPOSITION TO BAE DEAL MOUNTS- OSBORNE DELIGHTS TORY RIGHT WITH SPEECH- IRAQ SEND CRUDE OIL TO SYRIA- RECKITT ADMITS CHIEF SHARE PLEDGE BREACH- BP'S PARTNER IN TNK-BP LOOKS TO SELL STAKE- TOTAL WARNS OVER' INACCURATE' BENCHMARKS- FINANCIAL STALWARTS LINE UP TO LEAD BOE- EURO ZONE LAUNCHES 500 BLN EURO RESCUE FUND- STANCHART TARGETS SUB-SAHARAN PUSH- Overview INVESTOR OPPOSITION TO BAE DEAL MOUNTS.

  • *World Bank says China economic slowdown may worsen. *Turkey retaliates again after mortar fire from Syria. NEW YORK, Oct 8- Oil prices eased on Monday in choppy trading on concerns that slower economic growth in China and the debt crisis in Europe will curb demand for petroleum, while the potential for Middle East turmoil to disrupt supplies limited losses.

  • WASHINGTON-- Mitt Romney solely blamed President Barack Obama on Monday for potential defense cuts that Republicans in Congress worked out with the White House and Democrats and left the misimpression that Obama has ignored free trade initiatives.

  • *World Bank says China economic slowdown may worsen. *Turkey retaliates again after mortar fire from Syria.

  • Russia's Saratov oil refinery, owned by Anglo-Russian crude producer TNK-BP. ,has resumed production after it caught fire last week, TNK-BP said on Monday. Iraqi Kurdistan's leading oil producer, Genel Energy, said it would keep crude exports flowing after the Kurdistan Regional Government finally received an initial payment from Baghdad.

  • DUBAI, Oct 8- A battle of wills between Iran's government and foreign exchange traders may end with authorities taking over all legal trade in the rial, leaving many Iranians to seek hard currency illegally in a poorly supplied black market.

  • *World Bank says China economic slowdown may worsen. NEW YORK, Oct 8- Oil prices eased on Monday on concerns that slower economic growth in China and the debt crisis in Europe will curb demand for petroleum, while the potential for Middle East turmoil to disrupt supplies limited losses.

  • DUBAI, Oct 8- The World Bank's financial arm International Finance Corp plans to increase its investments in Yemen, Iraq and North Africa next year to help support development and job creation, a senior IFC executive said.

  • *World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.

  • OSLO, Oct 8- Norwegian oil and gas company DNO International don't yet know how big an oil payment it will receive from Iraqi authorities, a spokesman said on Monday. The Kurdistan Regional Government on Monday received a first installment of 650 billion Iraqi dinars from Baghdad to be distributed to foreign companies exporting oil.

  • *World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.

  • LONDON, Oct 8- Iraqi Kurdistan's leading oil producer, Genel Energy, said it would keep crude exports flowing after the Kurdistan Regional Government finally received an initial payment from Baghdad. "We won't cut exports now," Genel Energy President Mehmet Sepil told Reuters. "

  • *World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.

  • ANKARA, Oct 8- The gas flow on a pipeline carrying Iranian natural gas to Turkey was halted due to an explosion in eastern Turkey in the early hours of Monday, Turkish energy officials told Reuters.