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OIL AND GAS
EU launches expert mission to Iraq
by Staff Writers
Brussels (AFP) Oct 16, 2017


The EU on Monday approved sending an expert mission to Baghdad to help Iraq with its civilian security strategy.

A team of 35 specialists led by a senior German police officer will provide advice and assistance to the authorities as they seek to tackle terrorism and corruption.

The mission will have an initial budget of 14 million euros for the year, the EU said in a statement after a meeting of the bloc's 28 foreign ministers in Luxembourg.

"The mission will work in close coordination with the EU delegation to Iraq as well as international partners also present, including the UN Development Programme (UNDP), NATO and the global coalition against Daesh," the statement said, using another name for the Islamic State group.

The announcement came as Iraqi forces launched a major military operation in Kirkuk province amid a deepening crisis between Baghdad and the country's Kurds.

OIL AND GAS
OPEC's oil price forecast near a make-or-break point for U.S. shale
Washington (UPI) Oct 11, 2017
The price for crude oil next year should be around the so-called Goldilocks number for shale oil drillers in the United States, OPEC economists said. The Goldilocks scenario refers to a price point that's not so high that it encourages a strong drive in crude oil exploration and production, but not low enough to curtail capital spending and operations. Economists with the Organiz ... read more

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