Exterran Corp workers leave after more rocket attacks Plan to expand output from Khor Mor gasfield on hold Kurdish region heavily dependent on oil and gas revenues ERBIL, Aug 30 (Reuters) - A series of rocket attacks on a gasfield in northern Iraq has sent the U.S. contractors working on its expansion packing, dealing a blow to the Kurdish region's hopes of boostin
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Iraq holds a very conservatively estimated 145 billion barrels of proven crude oil reserves. Hamid Younis, first vice president of the Iraq National Oil Company, said last week that the country is planning to ramp up crude production to 8 million bpd. A number of factors, including corruption issues, weak civil society, insecurity and lack of resources have kept Iraq
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The rejection of Russia has led the Middle Eastern country to emerge as the main alternative for obtaining the resource Jorge Ortiz Iraq continues to reach record oil sales figures. The country, for the fourth consecutive month, has become the world's main market for the precious resource and is causing the country to improve its economic level. According to the Ministry
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Businesswomen say Iraq’s Kurdistan Regional Government needs to work harder to create the conditions for entrepreneurs. Taffan Hamakhan's cosmetics business 'ByTaff' employs women in an effort to reduce female unemployment [Courtesy of Taffan Hamakhan] Nearly five years ago, Huda Sarhang, 27, was sitting at one of the most iconic tea shops in Erbil, th
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By Sarah Mcfarlane and Aref Mohammed Summary Companies Iraq persuaded Lukoil to halt sale to Sinopec - sources Baghdad concerned China becoming too dominant - sources Western firms not happy with terms of Iraqi deals LONDON/BASRA, May 17 (Reuters) - Iraq's oil ministry thwarted three prospective deals last year that would have handed Chinese firms mor
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