5/25/2007

KIRKUK, Iraq -- In a desolate stretch of desert near this northern city, a pool of gooey crude oil was spreading by the side of the road on a February night. A U.S. military patrol followed the oil to an exposed underground pipeline. Three square holes pierced its thick steel skin.

May 25, 2007

Spokesman of the Oil Ministry, Assim Jihad, revealed last Wednesday the existence of the largest natural gas field in Iraq extending from the border of Nineveh to the West of Al-Qaaem, with extensions to the Iraqi-Saudi border. Productivity is estimated at about an initial 100 thousand barrels per day.

May 25, 2007

Iraqi Deputy Prime Minister, Barham Salih, said on Saturday that Iraq still hopes for agreement based on the oil law draft this month, thus allowing the Parliament to pass it soon.

5/24/2007

The United States is putting together plans to secure greater involvement of the United Nations in Iraq so that it can reduce its own troop levels in the country, The Guardian reported on Wednesday.

May 23, 2007

NEW YORK (MarketWatch) -- The Central Bank of Kuwait's decision over the weekend to untie its currency from the U.S. dollar might signal a growing trend among global central banks, especially those with large foreign-exchange reserves, to more actively manage their currencies.

5/23/2007

U.S and Iraqi officials are planning to again increase the number of Iraqi security forces to help quell violence in the country.

5/23/2007

Washington – Much has been accomplished in the effort to rebuild Iraq, but projects face tremendous challenges, according to Special Inspector General for Iraq Reconstruction Stuart Bowen.

May 23, 2007

KUWAIT CITY - Although oil-rich Kuwait has abandoned pegging its currency to the U.S. dollar, the greenback will still make up a major part of the basket of currencies that will fix the dinar's exchange rate, the Central Bank governor said Tuesday.

5/23/07

Mindful of long-term U.S. interests, military and diplomatic strategists seeking to salvage President Bush's latest Iraq war plan are beginning to think of alternatives while buying time for Iraqis to resolve their differences.

5/22/2007

BAGHDAD, May 22 (Reuters) - An Iraqi parliamentary committee has failed to finalise an agreement on amending key articles in the constitution, one of the political benchmarks Washington says are important to end sectarian violence.