Before America's Twitter-loving president made it to the Oval Office, a recurring theme was that the U.S. should have gotten hold of Iraq's oil after toppling Saddam Hussein. There's this:
Oil prices appear to be stuck in the $50s per barrel, but that doesn't mean there aren't serious supply risks to the market.
Iraq’s semi-autonomous Kurdistan Regional Government said it’s prepared to freeze the results of last month’s independence referendum that triggered deadly clashes with government troops and hurt oil exports.
A surge in crude prices faded as Iraq sought to restore flows from fields in a disputed region after violence had curbed output in OPEC’s second-biggest producer.
Russian oil giant Rosneft has agreed to operate Kurdistan's main oil pipeline.
The crisis unfolding around the Iraqi city of Kirkuk has left some of the world’s largest commodity trading houses worried the country’s autonomous Kurdish region will struggle to repay billions of dollars in cash-for-oil loans.
Petrofac today confirmed it had won a $30million deal with PetroChina for the Halfaya Contract Area (Halfaya) in southern Iraq.
Oil declined following a report that Kurdish forces agreed to withdraw from areas the Iraqi army is reclaiming, easing tension in the crude-rich region.
Iraq's military has seized two major oil fields outside the disputed city of Kirkuk from Kurdish forces.
Iraqi soldiers moved late Sunday to take over oilfields in the northern city of Kirkurk from Kurdish forces, pushing crude prices higher amid reports of deadly clashes. Standard University director of Iranian studies Abbas Milani weights in. Watch the video to find out more.
Iraqi Kurdish officials have said that federal forces and state-backed militias have launched a "major, multi-pronged" attack aimed at retaking the disputed northern city of Kirkuk.
Iraqi Kurds were going to the polls on Monday to vote on whether to support independence from Baghdad in a historic but non-binding referendum that has raised regional tensions and fears of instability.
Oil hovered around $50 a barrel as traders awaited weekly storage data that may show the longest expansion of U.S. crude inventories in almost half a year.
Russian oil giant Rosneft said today that will soon finalise a deal to develop pipelines in the Kurdistan region of Iraq.
OPEC’s second-largest producer is stepping up the campaign to get more for its oil by looking to revamp the way it sells crude to its biggest customers.
The UK’s export credit body will support £90million in financing for two power plants in southern Iraq.
Oilfield service firm Petrofac has tied up a contract extension and a new award worth more than $100million in Iraq.
Iraq and Baker Hughes have signed a contract for infrastructure to assist with the recovery of flare gas.
Kurdistan has been urged to push ahead with talks with the Iraqi government on critical issues such as oil and revenue sharing.
Lawyer and Middle East business expert Hugh Fraser has been inducted into a global networking initiative set up to help Scottish firms break international markets.
Aberdeen based EnerMech has launched a joint venture with Iraq's Khudairi Group which is expected to generate a $20million turnover.
Iraq's oil exports averaged 3.252 million barrels per day (bpd) last month.
Iraq’s oil minister has said the country will construct three new processing plants to enable it to store more gas and reduce flaring, according to a new report.
Gulf Keystone Petroleum (GKP) said today that it had banked a £9.5million payment from Kurdistan.
While Syria makes only 0.04% of global petroleum supplies -- less than Cuba, New Zealand or Pakistan -- it calls one of the world’s biggest producing regions its neighborhood.