BAGHDAD (AP) — Iraq's prime minister says his country has signed a $6 billion contract with Swiss company Satarem to build and run an oil refinery in southern Iraq.
Prime Minister Nouri al-Maliki's office announced the deal on his official website in a statement dated Thursday.
The project calls for Satarem to construct and operate a 150,000 barrel-per-day refinery in the southern province of Maysan, which borders Iran.
Iraq sits atop the world's fourth largest proven reserves of conventional crude, with about 143.1 billion barrels, and oil revenues make up 95 percent of the country's budget. It lacks refining capacity to meet local demand for fuel.
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Police responded to a northeast Albuquerque neighborhood where a man believed to be armed was involved in a tense standoff with police.
There was some good news Wednesday. Bernalillo County Sheriff's Deputy Robin Hopkins has started walking again.
Schemers behind fake sweepstakes are accessing personal information and using the legitimacy of well-known names like the Better Business Bureau and the Internal Revenue Service to swindle unsuspecting players out of thousands of dollars.
Investigators say a fire at an Albuquerque strip mall was intentionally set around 3 a.m. Wednesday on Central near Zuni.
Albuquerque police have released the names of the three officers involved in a shooting over the weekend.
John Smith with your forecast and Kim Vallez with your afternoon headlines.