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Energy

U.S. warnings spur Exxon evacuation of expats

Production is unaffected and the security situation appears calm as ExxonMobil evacuates dozens of foreign staff from the West Qurna 1 field, following U.S. claims of threats from Iran.

Cabinet endorses SIIP negotiations with Exxon

The Cabinet threw political weight behind the Southern Iraq Integrated Project, injecting momentum into negotiations over a massive infrastructure deal that is critical to Iraq's production and export growth.

Exports steady in April

Iraq's oil sales are well below capacity due to OPEC cuts, but monthly revenues are trending upward along with global crude prices.