Plus:
*More on the Shell gas deal
*German, UAE and Iran investors eye southern refineries
*Alive in Baghdad: Selling Fuel
*Kidnapping in the NOC
Iraq won’t award temporary oilfield services contracts to international companies before a bidding round aimed at bringing in foreign expertise to boost crude production, Oil Minister Hussain al-Shahristani said, Bloomberg News reports. Iraq will instead go ahead with new long-term exploration contracts before approving a new energy law, he said….
Iraq will sign a $1.2 billion oil service contract with China to replace a production-sharing deal agreed under Saddam Hussein, the Iraqi newspaper, an-Noor said, quoting oil minister Hussain al-Shahristani.
The oil minister is travelling to China at the end of this month to discuss the deal, which was orginally signed in 1997 between Iraq and the China National Petrolium Company, Ahmed Rasheed writes for Reuters.
“We have held talks with (the Chinese) for a year, and the terms of the dea…
Dana Gas, the United Arab Emirates-based oil and gas company, will start natural gas production from a gas field in northern Iraq in September and is preparing to drill appraisal wells at a second field next year, a top company executive said Thursday.
The Abu Dhabi stock market-listed firm will start production of 75 million cubic feet per day of gas from the Khoomor field in the Kurdish region under an early production facility “next month,” Finance Director Neeraj Agrawal told Zawya Dow Jo…
Oil negotiations between a handful of foreign companies and the government here appear stalled, setting back once again efforts to open up Iraqi oil fields to international companies, writes Gina Chon for The Wall Street Journal.
Oil Ministry officials had said they hoped to sign contracts by the end of June. That deadline came and went without a deal. Now, talks with major oil companies, such as Royal Dutch Shell PLC, BP PLC and Exxon Mobil Corp., appear to have hit new snags.
Iraq has term…
The Oil for Iraq Liberation bill, introduced by Congressman Dennis Kucinich, D-Ohio, will prevent U.S. based oil companies from development of and investment in petroleum resources of Iraq.
“Recently we have seen evidence of a concerted effort to pressure the Iraqi government into privatizing Iraqi oil fields against the will of its citizens. We have also heard that certain high level architects of the Iraq war stand to gain financially. This bill will ensure that the Iraqi oil money stays ou…
Former U.S. Ambassador to Iraq addresses the criticism he’s received for attempting to enter Iraq’s oil sector.
The former U.S. Ambassador to Iraq runs a consulting firm focused on Iraq investments and has just been named to Norwegian oil firm DNO, whose Kurdish projects have stoked controversy. He talks to Iraq Oil Report.
The head of Iraq’s Oil Exploration Company is looking to partner with foreign firms to play a major role in the country’s oil development.
