Iraq's Return To Oil's Top Table
Iraq has been at the center of many a Middle East conflict in the region's contemporary history. Its energy sector is one of the few bright spots, and oil production has increased significantly over the years despite internal divisions between Sunnis, Shi'as and Kurds. Iraq's oil industry has significantly benefitted from the relative stability in the south where the bulk of its oil is

Iraq close to signing $53 billion deal with Exxon, PetroChina; denies Iran link
Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on Tuesday, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran. Iraq expects to make $400 billion over the 30 years the deal will be in effect, the prime minister said. The southern mega-project involves the development of the Nahr Bin Umar and Artawi oilfields and raising production from the two fields to 500,000 barrels per day (bpd) from around 125,000 bpd now, Abdul Mahdi said.



Iraq sees deal with Exxon Mobil, PetroChina 'very soon' - oil minister

ExxonMobil & PetroChina Eye $53-Billion Megaproject in Iraq