Iraq's government is pulling its weight to reconstruct its war-torn country, Shiite lawmaker Haidre al-Abadi said Wednesday, a day after U.S. auditors announced that Iraq has amassed projected surpluses of up to $80 billion from rising oil prices while Washington pays for reconstruction

WASHINGTON - Iraq's coffers are bulging with oil money, yet some Baghdad residents go without electricity for much of the day and others get drinking water tainted with sewage. "They don't need more money," said Stuart Bowen, special inspector ...

Iraq has opened international bidding for eight enormous oil and gas fields, paving the way for major investments in a nation with one of the world's largest petroleum reserves. If the contracts are approved, they could lead to the biggest foreign ...