South Korean firm KOGAS on Wednesday signed a major deal to develop a major natural gas field in western Iraq — another sign that foreign rivals are proving tough competitors to American energy giants in Iraq eight years after the American-led invasion to oust Saddam Hussein.
BAGHDAD — The Iraqi Cabinet signed off yesterday on a revised bill to regulate the country's oil industry and sent it to parliament — a major step in reaching a long-delayed benchmark sought by the United States to promote reconciliation between Iraq's Sunnis and Shi'ites.
