Business

Iraq upheaval threatens oil development plans

By Sinan Salaheddin
Published June 23, 2014 6:12pm ET
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Iraq upheaval threatens oil development plans
BAGHDAD (AP) — The turmoil in Iraq has thrown the OPEC member’s ambitious plans to boost oil production into doubt, threatening to crimp its most vital economic lifeline. Northern oil fields imperiled by the militants’ advance have been shut down, and companies have begun evacuating workers elsewhere in the country. Iraq’s Kurdish minority has moved […]

BAGHDAD (AP) — The turmoil in Iraq has thrown the OPEC member’s ambitious plans to boost oil production into doubt, threatening to crimp its most vital economic lifeline.

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Iraq Middle East Oil