Iraq is set to announce a series of contracts with foreign oil companies in an effort to boost output of its key export commodity.

US and European firms will be asked to provide technical expertise to help Iraq increase daily production by up to half a million barrels.

Output is already at a five-year high but substantial investment is required to modernise its oil infrastructure.

Iraq has reserves of about 115 billion barrels, the world's third largest. US Senate approves war funds bill ...
Iraqi prime minister meets officials in Tehran ...
ECB celebrates 10th birthday ...
French FM Kouchner arrives in Iraq ...
Slovakia to join the euro next year ...

(BBC)

<< Back