Business

Iraq deals could be boost to oil firms' books

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.

  • Production-sharing contracts: a dying breed?

    Production-sharing contracts: a dying breed?

    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…

  • Sour grapes refined to wine in post-oil auction Diyala

    Sour grapes refined to wine in post-oil auction Diyala

    Officials in Diyala province, miffed that foreign companies missed the opportunity for oil investment here, are looking upbeat now at alternative investment prospects.

  • Rumaila deal challenge now Feb. 1

    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.

Companies

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Russia looking forward to Iraqi oil development

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.

Economics

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Maliki at oil transparency launch: 'corruption is treason'

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.