OilProduction News

OilProduction News From AOL News

Nigeria on Edge as Ailing President Stays Abroad

LONDON (Jan. 12) – Nigeria has been in leaderless limbo since its president headed to what turned out to be Saudi Arabia for emergency medical treatment seven weeks ago. That long absence – during which President Umaru Yar'Adua was neither seen nor heard – led some Nigerians to suspect their head of state...

Iraq Inks Deals With Cautious Oil Majors

(Dec. 11) -- Is Iraqi oil ready to flow again? Two deals struck Friday with foreign energy companies to develop fields in Iraq demonstrate a renewed eagerness to exploit the country's vast petroleum reserves. But they also show the hurdles still hindering Baghdad's bid to again become a major oil producer. Oil has been...