| As Iraq continues to pump record crude oil levels, oil minister Jabbar al-Luaibi, stressed Wednesday the need to review its upstream contracts with international oil companies to account for changes in the oil price.
Luaibi met a delegation from Italian oil company Eni led by head of exploration, Antonio Villa, in Baghdad, to discuss his plans for the sector in 2016 and 2017, which he said would focus on the small undeveloped fields in the south of the country. He emphasized that his office is working to overcome the obstacles and difficulties faced by oil companies operating in Iraq, adding that it "will open a new page in the development of the oil sector" in a statement released Wednesday...............................................Full Article: Source
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