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Wednesday, April 7, 2010 as of 11:14 AM ET

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Iraqi Government

The politics of Iraq takes place in a framework of a federal parliamentary representative democratic republic.

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Iraq energy auction ends with 3 of 12 lots sold, tough contracts for unexplored areas blamed

Iraq's government signed deals for only three of 12 oil and natural gas exploration sites offered in a two-day energy auction that ended Thursday, reflecting reluctance of foreign bidders to risk their money in unexplored areas.

The auction was Iraq's fourth since 2009 and was meant to attract foreign investment in the country's crucial energy sector, particularly natural gas exploration. In previous rounds, bidders competed for known oil and gas fields.The lukewarm response was also blamed on tough contract terms set by the Iraqi government. Companies are paid a flat fee in so-called service contracts, rather than receiving a share of the oil and gas they find.Oil Ministry spokesman Assem Jihad said the government is not disheartened. "We do not consider three successful bids as a disappointing matter, taking into consideration that foreign companies in general do not like to take risks on unexplored areas," he said.Jihad said Iraq is preparing for additional auctions, and more than 60...

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  1. Terror trial of fugitive Iraqi vice president starts in Baghdad

    The bodyguard for Iraq's fugitive vice president testified Tuesday that he was paid $3,000 to assassinate a government security official in one of hundreds of death ...

  2. Rep. West: Terrorist's release is 'utter betrayal'

    Lawmaker blasts Iraqi court's decision

  3. Suicide car bomb explodes near military compound in Syrian city, government says

    A suicide vehicle bomb tore through the parking lot of a military compound in an eastern Syrian city on Saturday, killing nine people in the latest in a series of bl...

  4. Outrage over release of terror suspect in Iraq

    GOP lawmakers demand answers from White House over Iraqi court freeing man accused of killing 5 U.S. soldiers

  5. Jailed Hezbollah Commander Turned Over to Iraqi Government

    The last American prisoner in Iraq , a Hezbollah commander linked to the kidnapping deaths of four U.S. soldiers, was turned over to the Iraqi government Friday, the...

  6. Iraqi Kurd leader hints at secession

    The president of Iraq's self-rule Kurdish region demanded Wednesday that Shiite leaders agree on sharing power with their political opponents by September or else th...

  7. AP Interview: Iraqi Kurdish leader hints at secession, gives deadline to Shiite government

    The president of Iraq's self-rule Kurdish region demanded Wednesday that Shiite leaders agree on sharing power with their political opponents by September or else th...

  8. Interpol issues arrest notice for fugitive Iraq vice president

    Interpol on Tuesday put Iraq's fugitive Sunni vice president on the equivalent of its most-wanted list at the behest of the Shiite-dominated government in Baghdad.Ta...

  9. At Baghdad's request, Interpol issues 'red notice' for Iraq's fugitive Sunni vice president

    Interpol on Tuesday put Iraq's fugitive Sunni vice president on the equivalent of its most-wanted list at the behest of the Shiite-dominated government in Baghdad.Ta...

  10. Iraq lawyer hopes Hezbollah prisoner to be freed

    The lawyer for a Hezbollah commander jailed in Iraq for targeting U.S. soldiers predicts that his client will be released soon because of flimsy evidence.Attorney Ab...

  11. 4 Iran Guards killed in clashes with Kurd rebels

    Four troops from Iran's powerful Revolutionary Guards have been killed in clashes with Kurdish rebels in western Iran, the semi-official Mehr news agency reported We...

  12. Mexican watchdog group says Mexico's federal government should probe alleged Wal-Mart bribes

    Mexico's federal government should investigate allegations of a vast bribery campaign by top executives of Wal-Mart's Mexican subsidiary to build stores across the c...

  1. Iraq energy auction gets muted interest from oil firms with 1 successful bid for 6 lots

    Iraq's fourth postwar energy auction drew a cool response from foreign energy companies Wednesday, dealing a setback to the country's hopes to dig out from years of ...

  2. Despite promises, Iraqi parliament fails to return public funding for pricey cars

    Iraq's lawmakers have hightailed it out of town for a six-week vacation without following through on promises to cancel a pricey perk for free armored cars that they...

  3. Years of chaos, bureaucracy threaten World Bank funds for Iraq's schools

    Outside the crumbling elementary school, goats feed on trash strewn across the front yard. Inside, the ceiling is rotting, toilets don't work and students scrunch hi...

  4. Talks with Iran set to resume next month in push for accord on its nuclear program

    Iran and six world powers wrapped up talks Thursday still far apart over how to oversee Tehran's atomic program, but with resolve to keep dialogue going as an altern...

  5. Iran signals wider UN inspections in bid for concessions at nuclear talks

    Iran made the first move Tuesday in attempts to gain an edge in nuclear talks with the U.S. and other world powers: It agreed in principle to allow U.N. inspectors t...

  6. Bodyguard says he was paid $3K to gun down security official who was 'annoyance' to Iraqi VP

    A bodyguard for Iraq's fugitive vice president testified Tuesday that he was paid $3,000 to assassinate a government security official in one of hundreds of death sq...

  7. Bodyguards of Iraqi VP testify on opening day of terror trial they were ordered to plant bombs

    Former bodyguards for Iraq's fugitive vice president testified Tuesday that they were ordered to kill security officials and plant roadside bombs as a politically ch...

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