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…
Economics
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Officials in Diyala province, miffed that foreign companies missed the opportunity for oil investment here, are looking upbeat now at alternative investment prospects.
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International effort will keep light on Iraq's attempt to be first Middle East nation to receive EITI accreditation, which was officially launched Sunday.
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Section in $71 billion budget legislation threatens Iraqi Kurdistan's share of revenue if oil exports remain shut in.
