Iraq: Iraq's New Oil Minister Sticks by Demand to Review Foreign Contracts

Aug 22, 2016 | Reuters
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Iraq wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low, the OPEC nation's new oil minister said, standing by a demand made by his predecessor. Oil Minister Jabar Ali Al-Luaibi conveyed his position at a meeting on Monday in Baghdad with BP's head in Iraq, Michael Townshend, the ministry said in a statement.