Exxon Mobil is the biggest of the foreign oil firms with new deals in Iraq that are confident they can book the fields' reserves, make shareholders happy.
Business
-
EDITOR'S NOTE: The issue of production-sharing contracts (PSCs, also called production-sharing agreements, or PSAs) in Iraq is a contentious one. Encouraged initially by American advisers as the best means for investment in post-war Iraq by, the system, which allows oil companies to take a share of the profits of all oil extracted, can mean that if oil prices rise, oil companies make huge profits without increasing their investment. Iraq Oil Report guest contributor and former U.S. energy offici…
-
Officials in Diyala province, miffed that foreign companies missed the opportunity for oil investment here, are looking upbeat now at alternative investment prospects.
-
Federal court hears new arguments, agrees to give time to government to respond to MP's lawsuit challenging legality of BP deal for Rumaila field.
Russia looking forward to Iraqi oil development
Gazprom executive Alexander Kolomatsky spoke with Iraq Oil Report about the cost to develop the Badra oil field, which may be part in Iran, raising issues of sanctions and security.
- Shell's continued re-entry into Iraq
- Unannounced service cuts for Iraqna users
- Big companies getting closer to big Iraq oil fields
- Mitsubishi added to Shell-Iraq gas deal
Maliki at oil transparency launch: 'corruption is treason'
International effort will keep light on Iraq's attempt to be first Middle East nation to receive EITI accreditation, which was officially launched Sunday.
- 2010 budget stuck on KRG oil exports
- Checklist: the $11B spent on reconstruction by the U.S. Army Corps of Engineers
- More than $4B in July oil sales
