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OPEC to Resist Calls to Aid Recovery With More Oil

OPEC will probably maintain production levels when it meets in Vienna next week, resisting calls to ease the pressure of $100-a-barrel oil on the global economy, according to a survey of analysts by Bloomberg News.

Iraq’s 2011 budget projects $60bn in oil revenues

Iraq: A spokesman for the Iraqi oil ministry has said the country’s 2011 budget has been based on a $73-per-barrel oil price and exports of 2.3 million barrels a day, Reuters has reported. The export figure includes 150,000 bpd from the semi-autonomous Kurdish region, Assim Jihad said. “There was an agreement on the price of [...]

Iraq’s 2011 budget projects $60bn in oil revenues

A spokesman for the Iraqi oil ministry has said the country’s 2011 budget has been based on a $73-per-barrel oil price and exports of 2.3 million barrels a day, Reuters has reported. The export figure includes 150,000 bpd from the semi-autonomous Kurdish region, Assim Jihad said. “There was an agreement on the price of oil [...]

The situation of the Iraqi oil industry

by Faleh Al-Khayat, oil expert. This speech was a part of Occupation Year 7: What future for Iraq?, a series of events organized by The BRussells Tribunal, and took place in the European Parliament, 18 March 2009, in Brussels

Iraq to ink final West al Qarna contract

Iraq: The Iraqi oil ministry will today sign the final contract over West al-Qarna-2 oilfield with Russia’s Lukoil and Norway’s Statoil, Aswat al-Iraq has reported. “The two companies pledged to up production to a peak of 1.8 million barrels per day at a rate of $1.15 per barrel of additional produced barrel,” oil ministry spokesman, [...]


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