The Iraqi government is planning to limit no-bid contracts being negotiated with several major oil companies to one year to avoid overlap with longer-term deals expected to be signed next June, the Associated Press reported. The no-bid contracts have sparked controversy because several major Western firms have been involved in the discussions. There are concerns [...]
Americans named participant in Iraq oil contracts with Big Oil
Plus: *Iraq announces five long-term oil field/two gas field contracts up for bid *Iraqi Kurdistan pans Baghdad’s moves *Iraq Parliament Oil & Gas Committee demands oversight *KRG explains oil deal breakdown The U.S. advisers tasked to Iraq’s Oil Ministry were involved to some extent in the negotiated contracts between Iraq and the major international oil [...]
Iraq’s oil law lags but the looming war is less of a threat to the crude
While the Turkish threat looms in northern Iraq, Simon Webb reports for Reuters oil will not be in harm’s way. Iraq’s controversial oil law has enough support in Parliament, but won’t be put forward until there is greater backing, Deputy Prime Minister Barham Salih told Reuters. But the Iraq war as a whole has helped [...]
