Iraq's oil minister calls for swift action on contracts

Pipeline in the desert

Iraq's oil minister Hussain al-Shahristani has urged foreign energy companies to honour their contracts to explore and develop oil reserves in Iraq, as it is the "the nation's highest priority."

"You have to prove to us and to the world, your ability to implement these contracts in accordance with the timeframe and the conditions stipulated in the deals," said Al-Sharistani speaking at an oil symposium in Iraq. "Success is not only reaching the production targets, but reaching these targets at a