Iraq aims to reduce IOC red tape

PM Maliki has ordered his government to ease logistical restrictions that have slowed foreign oil development, though companies have not yet seen improvements.
Iraq aims to reduce IOC red tape
Passengers wait to go through customs at Baghdad International Airport. (MOHAMMED AMEEN/Reuters)

Prime Minister Nouri al-Maliki has ordered the government to remove many of the bureaucratic roadblocks that have slowed foreign oil companies over the past two years.Iraq Oil Report has obtained a copy of Maliki's directive, ordering six key government institutions to implement the recommendations made to Maliki by Iraqi Oil Minister Abdul Karim al-Luaibi in a letter dated Oct. 11, 2011. If implemented, the new guidelines will help companies avoid logistical problems such as visa delays and...

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