Offshore drilling ban update.

Offshore drilling ban and moratorium stays put despite new rules that were put in place by the interior department to make offshore drilling safer. With the new rules comes a more aggressive regulatory stance and so far no indication has been made over when the ban will be lifted. DJ reported that the Iraqi cabinet approved USD 733 million deals for Leighton Offshore Private Limited to build a new oil export terminal in the southern city of Basra. Mr Ali Al Dabbagh spokesman for the Iraqi government said th