Iraqi forces are preparing an operation to consolidate control of an area near the Iran border to be used for the transit of Iraqi oil, two officials said on Monday, highlighting concern about mountainous terrain where two armed groups are active.
Iraq announced Sunday it will boycott an international club basketball tournament to protest a decision to shift the contest from Baghdad over security concerns.
Iraq plans to increase production at its giant Majnoon oilfield to 450,000 barrels per day (bpd) in three years, from 240,000 bpd now, an Iraqi oil executive said on Thursday.
Jabar al-Luaibi told a Chatham House conference in London that Iraq's export capacity was nearing 5 million barrels per day (bpd), including 4.6 million bpd from the south.
Iraq plans to build an oil refinery at the port of Fao on the Gulf with two Chinese companies, and is seeking investors to build three more, the oil ministry said on its website on Monday.