Iraq Announces String Of Deals To Boost Oil And Gas Output

Iraq has been saying it wants to produce more oil and gas for a while now but turning stated ambitions into reality has taken a while. This week, the country took a big step towards that reality when it signed a slew of deals with foreign companies as part of plans to boost both crude oil and natural gas production considerably. Gas production growth appears to be especially important because right now, Iraq is heavily reliant on neighbor Iran for its gas needs, which puts it into a vulnerable position. The government in Baghdad inked deals with…