Iraq Oil on Yahoo! News Photos

Iraq's Oil Minister Hussain al-Shahristani speaks at a news ...

(Reuters) — Tue, 09 Feb 2010 14:37:10 GMT

(Reuters) - Iraq's Oil Minister Hussain al-Shahristani speaks at a news conference in Baghdad February 9, 2010. REUTERS/Mohammed Ameen (IRAQ - Tags: ENERGY POLITICS HEADSHOT)

Iraq's Oil Minister Hussain al-Shahristani (L) holds a joint ...

(Reuters) — Tue, 09 Feb 2010 14:37:05 GMT

(Reuters) - Iraq's Oil Minister Hussain al-Shahristani (L) holds a joint conference with Iraq's Planning Minister Ali Baban in Baghdad February 9, 2010. REUTERS/Mohammed Ameen (IRAQ - Tags: ENERGY POLITICS)

Iraq's Oil Minister Hussain al-Shahristani (L) holds a joint ...

(Reuters) — Tue, 09 Feb 2010 14:31:46 GMT

A man walks close to a flare at the North Rumaila oil field, ...

(AFP/File) — Tue, 02 Feb 2010 12:43:15 GMT

(AFP/File) - A man walks close to a flare at the North Rumaila oil field, in southern Iraq. China has agreed to cancel 80% of the $8.5 billion debt it is owed by Iraq, the finance ministry in Baghdad has said in an official statement.(AFP/File/Essam -al-Sudani)

Helge Lund, President and CEO Statoil, right, and shown on a ...

(AP) — Sun, 31 Jan 2010 15:37:20 GMT

(AP) - Helge Lund, President and CEO Statoil, right, and shown on a screen, speaks to reporters after a signing ceremony in Baghdad, Iraq, Sunday, Jan. 31, 2010. Russia's private oil giant Lukoil and partner Statoil ASA of Norway have signed a final deal with Iraq to develop one of its biggest oil fields. (AP Photo/Karim Kadim)

Vagit U. Alekperov, president of Lukoil, left, shakes hand with ...

(AP) — Sun, 31 Jan 2010 15:36:52 GMT

(AP) - Vagit U. Alekperov, president of Lukoil, left, shakes hand with Faisai Khalaf, general Director of Projects and Fields for the oil ministry, right, as Iraqi Oil Minister Hussain al-Shahristani, center, looks on during signing ceremony in Baghdad, Iraq, Sunday, Jan. 31, 2010. Russia's private oil giant Lukoil and partner Statoil ASA of Norway have signed a final deal with Iraq to develop one of its biggest oil fields. (AP Photo/Karim Kadim)

Iraqi Oil Minister Hussein al-Shahristani, left, speaks with ...

(AP) — Sun, 31 Jan 2010 15:36:31 GMT

(AP) - Iraqi Oil Minister Hussein al-Shahristani, left, speaks with Dr. Vagit U. Alekperov, president of Lukoil , right, during a signing ceremony in Baghdad, Iraq, Sunday, Jan. 31, 2010. Russia's private oil giant Lukoil and partner Statoil ASA of Norway have signed a final deal with Iraq to develop one of its biggest oil fields. (AP Photo/Karim Kadim)

Hussein Ghulam (R), representative of north Oil Company, shakes ...

(Reuters) — Sun, 31 Jan 2010 14:05:04 GMT

(Reuters) - Hussein Ghulam (R), representative of north Oil Company, shakes hands as he exchange documents with Helge Lund (L), the chief executive of Norwegian oil and gas producer StatoilHydro, after signing a deal at the Oil Ministry in Baghdad January 31, 2010. REUTERS/Mohammed Ameen (IRAQ - Tags: ENERGY BUSINESS)

Iraq's Oil Minister Hussain al-Shahristani (L) speaks to ...

(Reuters) — Sun, 31 Jan 2010 13:55:12 GMT

(Reuters) - Iraq's Oil Minister Hussain al-Shahristani (L) speaks to Vagit Alekperov, chief executive officer of Russia's oil firm LUKOIL, before signing a deal at the Oil Ministry in Baghdad January 31, 2010. REUTERS/Mohammed Ameen (IRAQ - Tags: ENERGY BUSINESS)

Helge Lund, the chief executive of Norwegian oil and gas producer ...

(Reuters) — Sun, 31 Jan 2010 13:42:05 GMT

(Reuters) - Helge Lund, the chief executive of Norwegian oil and gas producer StatoilHydro, speaks during a news conference at the Iraqi Oil Ministry in Baghdad January 31, 2010. REUTERS/Mohammed Ameen (IRAQ - Tags: ENERGY BUSINESS)

Vagit Alekperov, chief executive officer of Russia's oil ...

(Reuters) — Sun, 31 Jan 2010 13:40:58 GMT

(Reuters) - Vagit Alekperov, chief executive officer of Russia's oil firm LUKOIL, speaks during a news conference at the Iraqi Oil Ministry in Baghdad January 31, 2010. REUTERS/Mohammed Ameen (IRAQ - Tags: ENERGY BUSINESS)

An Afghanistan-bound NATO oil tanker is on fire after a bombing ...

(AP) — Fri, 29 Jan 2010 15:44:06 GMT

(AP) - An Afghanistan-bound NATO oil tanker is on fire after a bombing in Pakistani tribal area of Khyber Friday, Jan. 29, 2010. A bomb in northwest Pakistan destroyed the truck carrying oil to NATO troops in neighboring Afghanistan, while gunmen elsewhere in the country killed three Shiite Muslims on their way to visit holy sites in Iraq. (AP Photo/Qazi Rauf)

An Afghanistan-bound NATO oil tanker is on fire after a bombing ...

(AP) — Fri, 29 Jan 2010 15:43:06 GMT

An Iraqi engineer opens a tap at a newly built crude oil distillery ...

(AFP/File) — Thu, 28 Jan 2010 07:55:27 GMT

(AFP/File) - An Iraqi engineer opens a tap at a newly built crude oil distillery unit in southern Baghdad. PetroChina, France's Total, Malaysia's Petronas and Iraq's South Oil will develop an oil field in southern Iraq, which has proven reserves of about 4.1 billion barrels.(AFP/File/Ali al-Saadi)

A red star adourns a pressurised oil container in Yan'an, ...

(AFP/File) — Thu, 28 Jan 2010 07:55:27 GMT

(AFP/File) - A red star adourns a pressurised oil container in Yan'an, Shaanxi province. A consortium led by Chinese oil giant PetroChina has formally signed a 20-year deal with Iraq to develop the Halfaya oil field, as China boosts its presence in the crude-rich region.(AFP/File/Frederic J. Brown)

A statue of Iraqi President Saddam Hussein stands at the al-Fardous ...

(AFP/File) — Wed, 27 Jan 2010 18:37:09 GMT

(AFP/File) - A statue of Iraqi President Saddam Hussein stands at the al-Fardous square as smoke billows from burning trenches filled with oil in Baghdad in March 2003. The British government lawyer who approved the 2003 invasion of Iraq admitted Wednesday he had doubted the legal case for war -- but denied that Tony Blair's aides pressured him into changing his mind.(AFP/File/Karim Sahib)

Jiang Jiemin, Chairman and the General Manager of CNPC, left, ...

(AP) — Wed, 27 Jan 2010 15:43:52 GMT

(AP) - Jiang Jiemin, Chairman and the General Manager of CNPC, left, and Iraqi Oil Minister Hussain al-Shahristani, are seen during an oil deal signing ceremony, in Baghdad, Iraq, on Wednesday, Jan. 27, 2010. Iraq and a consortium led by China's National Petroleum Corp. have signed a final accord to develop a prized southern oil field. (AP Photo/Hadi Mizban)

Petronas. Vice President, Datuk Abdullah Karim, center, is seen ...

(AP) — Wed, 27 Jan 2010 15:35:13 GMT

(AP) - Petronas. Vice President, Datuk Abdullah Karim, center, is seen during a signing ceremony in Baghdad, Iraq, on Wednesday, Jan. 27, 2010. Iraq and a consortium led by China's National Petroleum Corp. have signed a final accord to develop a prized southern oil field. (AP Photo/Hadi Mizban)

Total. Exploration and Production Vice President, Elias Kassis, ...

(AP) — Wed, 27 Jan 2010 15:33:40 GMT

(AP) - Total. Exploration and Production Vice President, Elias Kassis, 2nd left, exchanges copies of the contract with Dhiya Jaafar, acting chief of Iraq's South Oil Company, 2nd right, as Iraqi Oil Minister Hussain al-Shahristani, center, looks on during a signing ceremony in Baghdad, Iraq, on Wednesday, Jan. 27, 2010. Iraq and a consortium led by China's National Petroleum Corp. have signed a final accord to develop a prized southern oil field. (AP Photo/Hadi Mizban)

Jiang Jiemin, Chairman and the General Manager of CNPC, left, ...

(AP) — Wed, 27 Jan 2010 15:17:34 GMT

(AP) - Jiang Jiemin, Chairman and the General Manager of CNPC, left, shakes hand with Ali Maarej, head of the state-run Maysan Oil Co, right, as Iraqi Oil Minister Hussain al-Shahristani, center, looks on during an oil deal signing ceremony, in Baghdad, Iraq, on Wednesday, Jan. 27, 2010. Iraq and a consortium led by China's National Petroleum Corp. have signed a final accord to develop a prized southern oil field. (AP Photo/Hadi Mizban)

Iraqi Oil Minister Hussain al-Shahristani, right, is shown on ...

(AP) — Mon, 25 Jan 2010 19:57:04 GMT

(AP) - Iraqi Oil Minister Hussain al-Shahristani, right, is shown on a screen behind, speaks to reporters after a signing ceremony in Baghdad, Iraq, Monday, Jan. 25, 2010. Iraq has signed a final deal with U.S. and European oil giants Exxon Mobil Corp. and Royal Dutch Shell PLC to develop a major oil field in the south. (AP Photo/Karim Kadim)

From left to right, Exxon Mobil Corp. President Robert S Franklin, ...

(AP) — Mon, 25 Jan 2010 19:08:41 GMT

(AP) - From left to right, Exxon Mobil Corp. President Robert S Franklin, Exxon Mobil Corp. Director Richard C. Vierbuchen, Iraqi Oil Minister Hussain al-Shahristani, are seen during a signing ceremony in Baghdad, Iraq, Monday, Jan. 25, 2010. Iraq has signed a final deal with U.S. and European oil giants Exxon Mobil Corp. and Royal Dutch Shell PLC to develop a major oil field in the south. (AP Photo/Karim Kadim)

Exxon Mobil Corp. Director Richard C. Vierbuchen left, shakes ...

(AP) — Mon, 25 Jan 2010 19:08:20 GMT

(AP) - Exxon Mobil Corp. Director Richard C. Vierbuchen left, shakes hands with Dhiya Jaafar, acting chief of Iraq's South Oil Company, second right, as Iraqi Oil Minister Hussain al-Shahristani, center,claps during a signing ceremony in Baghdad, Iraq, Monday, Jan. 25, 2010. Iraq has signed a final deal with U.S. and European oil giants Exxon Mobil Corp. and Royal Dutch Shell PLC to develop a major oil field in the south. (AP Photo/Karim Kadim)

Exxon Mobil Corp. President Robert S Franklin, right, and shown ...

(AP) — Mon, 25 Jan 2010 19:07:49 GMT

(AP) - Exxon Mobil Corp. President Robert S Franklin, right, and shown on a screen, speaks to reporters after a signing ceremony in Baghdad, Iraq, Monday, Jan. 25, 2010. Iraq has signed a final deal with U.S. and European oil giants Exxon Mobil Corp. and Royal Dutch Shell PLC to develop a major oil field in the south. (AP Photo/Karim Kadim)

ExxonMobil Upstream Ventures Director Richard C. Vierbuchen ...

(Reuters) — Mon, 25 Jan 2010 16:21:51 GMT

(Reuters) - ExxonMobil Upstream Ventures Director Richard C. Vierbuchen (L), exchanges documents with Dhiya Jaafar, chief of South Oil Company (R), as Iraqi Oil Minister Hussain al-Shahristani (C) smiles after signing a final deal at the Oil Ministry in Baghdad January 25, 2010. REUTERS /Mohammed Ameen (IRAQ - Tags: POLITICS BUSINESS)

Iraqi Oil Minister Hussain al-Shahristani (R) speaks at a news ...

(Reuters) — Mon, 25 Jan 2010 16:19:36 GMT

(Reuters) - Iraqi Oil Minister Hussain al-Shahristani (R) speaks at a news conference with ExxonMobil Upstream Ventures Director Richard C. Vierbuchen (C) and Upstream Ventures president Robert S. Franklin after signing a final deal at the Oil Ministry in Baghdad January 25, 2010. REUTERS /Mohammed Ameen (IRAQ - Tags: POLITICS BUSINESS)

Shell Upstream International's Vice President of Middle ...

(Reuters) — Mon, 25 Jan 2010 16:16:11 GMT

(Reuters) - Shell Upstream International's Vice President of Middle East and North Africa Mounir Bouaziz speaks at a news conference after signing a final deal at the Oil Ministry in Baghdad January 25, 2010. REUTERS /Mohammed Ameen (IRAQ - Tags: POLITICS BUSINESS)

ExxonMobil Upstream Ventures president Robert S. Franklin speaks ...

(Reuters) — Mon, 25 Jan 2010 16:12:59 GMT

(Reuters) - ExxonMobil Upstream Ventures president Robert S. Franklin speaks at a news conference after signing a final deal at the Oil Ministry in Baghdad January 25, 2010. REUTERS /Mohammed Ameen (IRAQ - Tags: POLITICS BUSINESS ENERGY)

Iraqi Oil Minister Hussain al-Shahristani, 2nd right, shakes ...

(AP) — Fri, 22 Jan 2010 14:10:37 GMT

(AP) - Iraqi Oil Minister Hussain al-Shahristani, 2nd right, shakes hand with Eni CEO Paolo Scaroni as Occidental's Executive Vice President, John M. Winterman, 2nd left, and KOGAS President and CEO Kangsoo Choo, left, and Senior Deputy of Iraqi Oil Minister Abdul-Karim Elaibi, right, look on after a signing ceremony in Baghdad, Iraq, Friday, Jan. 22, 2010. Iraq signed a final agreement with a consortium led by Italy's Eni SpA to develop a promising oil field in the south, another step forward in the nation's efforts to develop its dilapidated oil sector to bring in sorely needed cash for postwar reconstruction. (AP Photo/Karim Kadim)

Eni CEO Paolo Scaroni, right and shown on a screen, speaks to ...

(AP) — Fri, 22 Jan 2010 13:54:31 GMT

(AP) - Eni CEO Paolo Scaroni, right and shown on a screen, speaks to reporters after a signing ceremony in Baghdad, Iraq, Friday, Jan. 22, 2010. Iraq signed a final agreement with a consortium led by Italy's Eni SpA to develop a promising oil field in the south, another step forward in the nation's efforts to develop its dilapidated oil sector to bring in sorely needed cash for postwar reconstruction. (AP Photo/Karim Kadim)

KOGAS President and CEO Kangsoo Choo, left, shakes hand with ...

(AP) — Fri, 22 Jan 2010 13:20:18 GMT

(AP) - KOGAS President and CEO Kangsoo Choo, left, shakes hand with Ali Maarej, head of the state-run Maysan Oil Co, right, as Iraqi Oil Minister Hussain al-Shahristani, center, looks on during a signing ceremony in Baghdad, Iraq, Friday, Jan. 22, 2010. Iraq signed a final agreement with a consortium led by Italy's Eni SpA to develop a promising oil field in the south, another step forward in the nation's efforts to develop its dilapidated oil sector to bring in sorely needed cash for postwar reconstruction. Under the 20-year deal, Eni and partners — Los Angeles-based Occidental Petroleum Corp. and South Korea's KOGAS — will develop the 4.1 billion barrel Zubair field for $2 per barrel produced above the current production. (AP Photo/Karim Kadim)

Occidental's Executive Vice President, John M. Winterman, left, ...

(AP) — Fri, 22 Jan 2010 12:40:47 GMT

(AP) - Occidental's Executive Vice President, John M. Winterman, left, exchanges copies of the contract with Dhiya Jaafar, acting chief of Iraq's South Oil Company, right, as Iraqi Oil Minister Hussain al-Shahristani, center, looks on during a signing ceremony in Baghdad, Iraq, Friday, Jan. 22, 2010. Iraq signed a final agreement with a consortium led by Italy's Eni SpA to develop a promising oil field in the south, another step forward in the nation's efforts to develop its dilapidated oil sector to bring in sorely needed cash for postwar reconstruction. (AP Photo/Karim Kadim)

Eni CEO Paolo Scaroni, left, shakes hand with Dhiya Jaafar, ...

(AP) — Fri, 22 Jan 2010 12:25:22 GMT

(AP) - Eni CEO Paolo Scaroni, left, shakes hand with Dhiya Jaafar, acting chief of Iraq's South Oil Company, second right, as Iraqi Oil Minister Hussain al-Shahristani, center, looks on during a signing ceremony in Baghdad, Iraq, Friday, Jan. 22, 2010. Iraq signed a final agreement with a consortium led by Italy's Eni SpA to develop a promising oil field in the south, another step forward in the nation's efforts to develop its dilapidated oil sector to bring in sorely needed cash for postwar reconstruction. (AP Photo/Karim Kadim)

Iraqi Oil Minister Hussein al-Shahristani, left, speaks with, ...

(AP) — Fri, 22 Jan 2010 12:05:39 GMT

(AP) - Iraqi Oil Minister Hussein al-Shahristani, left, speaks with, Eni CEO Paolo Scaroni, right, during a signing ceremony in Baghdad, Iraq, Friday, Jan. 22, 2010. Iraq signed a final agreement with a consortium led by Italy's Eni SpA to develop a promising oil field in the south, another step forward in the nation's efforts to develop its dilapidated oil sector to bring in sorely needed cash for postwar reconstruction. (AP Photo/Karim Kadim)

Iraqi Oil Minister Hussein al-Shahristani, left, speaks during ...

(AP) — Sun, 17 Jan 2010 16:49:58 GMT

(AP) - Iraqi Oil Minister Hussein al-Shahristani, left, speaks during a signing ceremony for the Majnoon oil field, in Baghdad, Iraq, Sunday, Jan. 17, 2010. Iraq has finalized a deal with a consortium led by Royal Dutch Shell to develop one of Iraq's mammoth oil fields in the south. Shell and partner Malaysia's state-run Petronas won the right to develop the 12.5 billion barrel field last month during Iraq's second postwar bidding round. (AP Photo/Karim Kadim)

Iraq's Oil Minister Hussein al-Shahristni, right, shakes hands ...

(AP) — Sun, 17 Jan 2010 16:33:16 GMT

(AP) - Iraq's Oil Minister Hussein al-Shahristni, right, shakes hands with Datuk Abdullah Karim, second left, vice president, Petronas, during a signing ceremony for the Majnoon oil field in Baghdad, Iraq, Sunday, Jan. 17, 2010. Iraq has finalized a deal with a consortium led by Royal Dutch Shell to develop one of Iraq's mammoth oil fields in the south. Shell and partner Malaysia's state-run Petronas won the right to develop the 12.5 billion barrel field last month during Iraq's second postwar bidding round. (AP Photo/Karim Kadim)

(R-L) Shell Upstream International's Vice President of Middle ...

(Reuters) — Sun, 17 Jan 2010 15:40:09 GMT

(Reuters) - (R-L) Shell Upstream International's Vice President of Middle East and North Africa Mounir Bouaziz poses for the media after signing a contract with Chief of South Oil Company Dhiya Jaafar, Iraq's Deputy Oil Minister Abdul Karim Luaibee, Iraq's Oil Minister Hussain al-Shahristani, Royal Dutch Shell CEO Peter Voser, Vice President of Petronas Datuk Abdullah Karim and Petronas General Manager Ho Wang Kin in Baghdad January 17, 2010. Royal Dutch Shell, Europe's largest oil company, and Malaysia's Petronas signed a final contract on Sunday to develop Iraq's Majnoon oilfield, one of the world's biggest. REUTERS/Saad Shalash (IRAQ - Tags: ENERGY BUSINESS)

Datuk Abdullah Karim, Vice President of Petronas, speaks at ...

(Reuters) — Sun, 17 Jan 2010 15:32:33 GMT

(Reuters) - Datuk Abdullah Karim, Vice President of Petronas, speaks at a conference in Baghdad January 17, 2010. Royal Dutch Shell, Europe's largest oil company, and Malaysia's Petronas signed a final contract on Sunday to develop Iraq's Majnoon oilfield, one of the world's biggest. REUTERS/Saad Shalash (IRAQ - Tags: ENERGY BUSINESS HEADSHOT)

Datuk Abdullah Karim, Vice President of Petronas (L), exchanges ...

(Reuters) — Sun, 17 Jan 2010 15:31:27 GMT

(Reuters) - Datuk Abdullah Karim, Vice President of Petronas (L), exchanges documents with Dhiya Jaafar, chief of South Oil Company (R), as Iraqi Oil Minister Hussain al-Shahristani (C) smiles after signing a final deal at the Oil Ministry in Baghdad January 17, 2010. Royal Dutch Shell, Europe's largest oil company, and Malaysia's Petronas signed a final contract on Sunday to develop Iraq's Majnoon oilfield, one of the world's biggest. REUTERS/Saad Shalash (IRAQ - Tags: BUSINESS ENERGY)

Shell Upstream International's Vice President of Middle ...

(Reuters) — Sun, 17 Jan 2010 15:28:06 GMT

(Reuters) - Shell Upstream International's Vice President of Middle East and North Africa Mounir Bouaziz (2nd L) exchanges documents with Dhiya Jaafar, chief of South Oil Company (R), as Iraqi Oil Minister Hussain al-Shahristani and Royal Dutch Shell CEO Peter Voser watch after signing a final deal at the Oil Ministry in Baghdad January 17, 2010. Royal Dutch Shell, Europe's largest oil company, and Malaysia's Petronas signed a final contract on Sunday to develop Iraq's Majnoon oilfield, one of the world's biggest. REUTERS/Saad Shalash (IRAQ - Tags: ENERGY BUSINESS)

Royal Dutch Shell CEO Peter Voser speaks at a conference in ...

(Reuters) — Sun, 17 Jan 2010 15:19:36 GMT

(Reuters) - Royal Dutch Shell CEO Peter Voser speaks at a conference in Baghdad January 17, 2010. Royal Dutch Shell, Europe's largest oil company, and Malaysia's Petronas signed a final contract on Sunday to develop Iraq's Majnoon oilfield, one of the world's biggest. REUTERS/Saad Shalash (IRAQ - Tags: ENERGY BUSINESS)

Iraq's Oil Minister Hussein al-Shahristani (R) smiles at ...

(Reuters) — Sun, 17 Jan 2010 15:01:01 GMT

(Reuters) - Iraq's Oil Minister Hussein al-Shahristani (R) smiles at a news conference with Shell Upstream International's Vice President of Middle East and North Africa Mounir Bouaziz (C) and Royal Dutch Shell CEO Peter Voser during a signing ceremony at the Oil Ministry in Baghdad January 17, 2010. Royal Dutch Shell, Europe's largest oil company, and Malaysia's Petronas signed a final contract on Sunday to develop Iraq's Majnoon oilfield. REUTERS/Saad Shalash (IRAQ - Tags: BUSINESS ENERGY)

Iraq's Oil Minister Hussein al-Shahristani speaks at a conference ...

(Reuters) — Sun, 17 Jan 2010 14:51:20 GMT

(Reuters) - Iraq's Oil Minister Hussein al-Shahristani speaks at a conference in Baghdad January 17, 2010. Royal Dutch Shell, Europe's largest oil company, and Malaysia's Petronas signed a final contract on Sunday to develop Iraq's Majnoon oilfield. The deal was signed at Iraq's Oil Ministry in the presence of Iraqi Oil Minister Hussain al-Shahristani, Shell's chief executive, Peter Voser, and a vice president of Shell Gas and Power, Mounir Bouaziz. REUTERS/Saad Shalash (IRAQ - Tags: ENERGY BUSINESS HEADSHOT)

Iraq's Oil Minister Hussein al-Shahristani speaks at a conference ...

(Reuters) — Sun, 17 Jan 2010 14:49:13 GMT

FILE - In this Oct. 21, 2004 file photo, Paul Volker, chairman ...

(AP) — Tue, 12 Jan 2010 16:18:28 GMT

(AP) - FILE - In this Oct. 21, 2004 file photo, Paul Volker, chairman of the Independent Inquiry Committee into the United Nations' oil-for-food program, holds up his report as he announces companies involved in sales of Iraqi oil and the export of goods to Iraq, during a news conference in New York. The U.N. has cut back sharply on investigations into corruption and fraud within its ranks and on its ability to conduct those probes, shelving cases involving the possible theft or misuse of millions of dollars. (AP Photo/Gregory Bull, File)