Result Page 246 for Iraq news & latest pictures from ibtimes.com

AWB manager accused of taking kickbacks

A former AWB manager was accused by one of his colleagues of collecting $US16 million ($A21.3 million) in kickbacks from wheat shipments to Saddam Hussein's regime, the Cole inquiry has been told.

OPEC Basket Price Falls to $55.99 Thursday

The OPEC crude basket price, a daily reference level based on the prices of 11 crudes - dropped to $55.99 on Thursday from $56.23 the previous day.

Lockheed Fears Budget Setback for F-35 Jet

Lockheed Martin Corp.'s $276.5 billion F-35 Joint Strike Fighter program, the costliest U.S. arms acquisition project, may be set back by moves in Congress to slow initial production, a top company official said on Wednesday.

ArmorGroup Revenue up 30%

ArmorGroup International Plc, provider of defensive protective security services today announced its unaudited interim results for the six months ended 30th June 2006

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Army to end Halliburton deal: report

The U.S. Army will discontinue its multi-billion dollar contract with oil services giant Halliburton Co. to provide logistical support to U.S. troops worldwide, The Washington Post reported on Wednesday.

Iraq Takes Steps to Finance Reconstruction

While difficulties related to the war have hampered growth, recent oil-related developments show the nation is on its way to financing reconstruction efforts.

Norwegian DNO Discovers Iraqi Oil Reserves

Independent Norwegian oil firm DNO said Monday that preliminary testing of the Tawke #1 well in the Kurdish region of northern Iraq confirmed gross recoverable oil reserves of approximately 100 million barrels.

Disposable cameras defy film's march to obscurity

Sayaka Masuda's face was a picture of frustration when she realized she would have to buy a disposable camera in Kyoto, Japan's photogenic ancient capital.

Top Oil Execs Meet at Summit

Chief executives of the world's top energy companies met ministers from the biggest producers on Saturday with record oil prices of above $75 a barrel speeding the race for supply investment.

Oil set to hit new peaks this year

A blistering four-year rally in crude oil shows no sign yet of running out of steam and crude could top $80 a barrel this year, boosting fuel costs for consumers and businesses, analysts said on Tuesday.

Oil Prices Hit Record $72

Oil surged to a record high above $72 on Tuesday on concern that Iran's nuclear stand-off with the West could cut oil exports from the world's fourth-largest crude exporter.

Halliburton subsidiary KBR files for $550M IPO

Halliburton Co. subsidiary KBR Inc., which generates more than half its revenue from U.S. government Iraq war-related contracts, filed with U.S. regulators on Friday to raise up to $550 million in an initial public offering.

Debt relief lifts aid to record high in 2005

Rich countries' spending on official aid to the world's poor leapt to a record high in 2005 due to large debt relief packages for Iraq and Nigeria, the OECD said on Tuesday.