Iraqi Oil Field

US citizens working for foreign oil companies in the southern Iraqi city of Basra were leaving the country on Friday, the oil ministry said, after a US air strike killed a top Iranian commander in Iraq.

The Islamic State group has lost control of "at least three large oil fields" in Iraq, depriving the jihadists of a crucial source of income, a German newspaper report said Thursday.

Iraqi Kurdish forces and police retook an oil field in Kirkuk province on Saturday that was seized by the Islamic State group overnight, and freed 24 workers who had been taken captive, officers said.

Kurdish security forces took over two major oil fields outside the disputed northern city of Kirkuk before dawn Friday and said they would use some of the production for domestic purposes, escalating a dispute the central government of Prime Minister Nouri al-Maliki.

If the ongoing crisis in Iraq continues for some more time, India's current account deficit for this year may widen to 2.3 per cent of GDP due to rise in oil prices, according to an SBI Research report.

The Iraqi and Chinese flags flew together proudly over the al-Ahdab oil field in Wasit, central Iraq, on Wednesday, in what has become an increasingly common site as China moves closer to becoming the dominant foreign player in Iraq's recovering oil sector.

Asian companies are among nine firms shortlisted by the Iraqi oil ministry for contracts in 11 oil and gas fields, according to a report.

US citizens working for foreign oil companies in the southern Iraqi city of Basra were leaving the country on Friday, the oil ministry said, after a US air strike killed a top Iranian commander in Iraq.

The Islamic State group has lost control of "at least three large oil fields" in Iraq, depriving the jihadists of a crucial source of income, a German newspaper report said Thursday.

Iraqi Kurdish forces and police retook an oil field in Kirkuk province on Saturday that was seized by the Islamic State group overnight, and freed 24 workers who had been taken captive, officers said.

Kurdish security forces took over two major oil fields outside the disputed northern city of Kirkuk before dawn Friday and said they would use some of the production for domestic purposes, escalating a dispute the central government of Prime Minister Nouri al-Maliki.

If the ongoing crisis in Iraq continues for some more time, India's current account deficit for this year may widen to 2.3 per cent of GDP due to rise in oil prices, according to an SBI Research report.

The Iraqi and Chinese flags flew together proudly over the al-Ahdab oil field in Wasit, central Iraq, on Wednesday, in what has become an increasingly common site as China moves closer to becoming the dominant foreign player in Iraq's recovering oil sector.

Asian companies are among nine firms shortlisted by the Iraqi oil ministry for contracts in 11 oil and gas fields, according to a report.