Iraq officially stepped back on Wednesday from its ambitious plans to more than triple its oil production by 2017, but it remains more optimistic than the world's leading global energy monitor about how fast and how high it can boost output. Baghdad'...
United Press International
Iraqi officials approved an exploration contract in southern Iraq for a partnership between Russia's Lukoil and Japan's Impex Corp., the Russian company said. Lukoil said the contract could be worth as much as $100 million, reports Russia's state-run...