Iraq’s Kurdish government has signed two oil deals with Canada’s Talisman Energy as meetings begin in Baghdad over controversial oil issues, Ben Lando reports for United Press International.
Calgary-based Talisman now has a 40 percent interest in the project operated by WesternZagros, the subsidiary spun off from Marathon.
The production sharing contracts the Kurdistan Regional Government has signed with dozens of international oil firms allows the government to designate a “third party interest” in the project. WesternZagros maintains 40 percent and the KRG 20 percent interest. …
KRG Prime Minister Nechirvan Barzani is leading a delegation to Baghdad now, meeting with a federal government team led by Iraqi Prime Minister Nouri al-Maliki. The agenda includes the draft national oil law, which has been sidelined by disputes over control of the Iraqi oil development strategy.
The KRG contends provinces or regions with oil reserves have the right to decide development, but wide opposition favors maintaining central government control.
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Companies from Algeria, Angola, Pakistan, Thailand, Turkey and Vietnam have been added to the list of oil firms who are pre-qualified to bid on oil development deals to be announced later this year, Xinhua reports. The Oil Ministry has not officially announced the move, but has made overtures to companies and countries feeling spurned by missing out on the original announcement of qualified companies.
Securing, Stabilizing and Rebuilding Iraq, the latest report from the U.S. Government Accountability Office (Click here for a pdf of the entire report)
Stephen F. DeAngelis, president and CEO of Enterra Solutions, LLC, has joined the U.S. Chamber of Commerce’s Iraq Initiative as co-chair, adding to his service as co-chair of the Chamber’s Kurdistan Region of Iraq Investment Taskforce, according to an Enterra release.
stop the war pleaseeeeeeeeeee