Old fields could produce 400,000 barrels of oil per day within a year and there are some large natural gas reserves to exploit, but investment is needed to make the most of the opportunity.
A series of red lines were drawn at a meeting of gas-producing countries in Algiers. Al Majalla looks at what they are, where they came from, and what they may mean for energy markets.
A longstanding dispute between Saudi Arabia and Kuwait on the one hand, and Iran on the other, has been rehashed after Iran states its intention to start drilling in the Durra gas field
The decision to dismantle the Peace Brigades may herald a new stage in the Iraqi state's trajectory, or it could just be a shrewd recalibration to disorient friend and foe alike
An estimated 60% of all US banknotes in circulation are held outside the United States. In many parts of the world, the dollar is effectively the unofficial local currency. Al Majalla explains why.
A new American legal ruling turns the screw on the Caribbean island nation by increasing the risks companies face by continuing to make money there. This is all part of the plan.