Press TV - Unknown assailants fire a Katyusha rocket at an area housing representative offices of several international oil companies in the southern Iraqi port city of Basra, wounding three Iraqis. Citing the Iraqi police, Reuters said the projectile came down 100 meters away from the section of the site used as a residence and operations center ...

Reuters - Iraq plans to invite foreign energy firms to bid for the exploration and development of nine new oil and gas blocks bordering Iran and Kuwait, the oil ministry said in a statement on Sunday. Iraq is to hold a press conference on Monday to announce details of the exploration blocks which are located in the south and east of the country and ...

Reuters- Iraq's oil is the property of Iraqis, Prime Minister Haider al-Abadi said on Tuesday, in reaction to U.S. President Donald Trump who argued that the United States should have taken possession of the nation's crude reserves. In a speech to CIA officials on Saturday, Trump suggested the United States should have taken Iraq's oil in reimbursement ...

[caption id="attachment_150885" align="alignright" width="205"] Iran earned more than $2.3 billion from sales of oil products in the 10 months to January.[/caption] Dubai: Iraq and Iran cut their prices for March crude oil deliveries to Asia to the lowest in more than a decade, signalling the battle for a share of Opecs largest market is intensifying....