Tag Archive for 'Iraq Security'

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Iraq to offer 82 percent of proven oil reserves to international oil companies

Published October 3, 2008, 5:28 pm in Oil

Plus:
*Premier out of bidding for various, unconfirmed reasons
*Talabani, Aso discuss oil ties
*Sterling dishes KRG oil stakes to Korea, Addax
*Electricity minister explains set backs, signs deals with GM and Siemens
*Much, much more

Iraq’s Oil Ministry Oct. 13 will not only take a major step forward to bringing foreign oil companies into Iraq’s nationalized oil sector. Beyond beginning a bidding process for a handful of key oil and gas fields, the ministry will outline a second grou…

Petrel makes case for ‘Little Oil’ in Iraq

Published September 26, 2008, 5:36 pm in Oil

Plus:
*Petrel also says Oil Ministry agrees to payment, ditches Kurdish partner
*Confirmation and details of KRG-South Korea oil investment
*Fields in second oil and gas bidding round discussed
*Kanaqin residents say fight is over oil, future in Iraq
*Alive in Baghdad: Sadr City vs. the Walls
*Food rations to be cut
*Election rules ban some religious images

Iraqi oil and gas deals aren’t just for Big Oil as smaller firms already active in the country are better placed, the head of Petr…

Iraq’s Kurdistan Regional Government signs oil exploration deal with South Korea

Published September 25, 2008, 5:37 pm in Oil

Media reports from Seoul say a Korea National Oil Corp.-led consortium has signed oil contracts with Iraq’s Kurdistan Regional Government.

The contracts were not verified by the KRG, which typically issues announcements when oil contracts are signed, Ben Lando reports for United Press International.

It has signed more than 20 production-sharing contracts since 2004, despite criticism from the central government in Baghdad, which claims regional and other local governments have no right to…

Iraq–China oil deal made final next week

Published September 24, 2008, 6:33 pm in Oil

Plus:
*Progress on another joint venture, this time for oil drilling
*What the passage of an election law means
*Iraq Press Roundup

An Iraqi oil ministry spokesman says Iraq and China will finalize a US$3 billion oil agreement next week. Assem Jihad says a Chinese delegation will visit Baghdad to sign the deal, The Associated Press reports.

The contract to develop the Ahdab field in southern Iraq is one of four Saddam-era contracts that the Oil Ministry has said it will uphold but reneg…

Shell opens secret Baghdad office

Published September 23, 2008, 6:49 pm in Oil

Plus:
*A needed debrief of the Shell gas project
*Iraq oil exports drop
*U.S. loses $13 billion in Iraq reconstruction funds
*KRG inks power deal, puts wind and hydro to tender
*Night lights in Baghdad neighborhood
*Parliament Elections: Sunni tribal elders, Moqtada Sadr to run
*Iraq Press Roundup
*Much more

Hits and Misses of Shell-Iraq gas project

The Shell-Iraq gas deal is not a production sharing contract – heck, it’s not even a deal. It’s a signing of an agreement that t…

State Dept. says Iraq oil trust fund bill could derail revenue sharing and oil laws

Published September 19, 2008, 5:25 pm in Politics

Plus:
*Oil Minister Shahristani blames KRG oil deals for oil law delay
*Top two on Parliament energy committee dispute oil issues
*Former South Oil Co. head made official ministry adviser
*Parliament sends electricity crisis to special committee
*Kurdish MPs want Iraq-U.S. draft deal altered, fearing attack
*Elections law debate postponed
*Ethnic tensions expanded, explained
*Much more

An Iraqi oil trust fund proposed by Sens. Hillary Clinton and John Ensign may derail Iraqi governmen…

Iraq oil exports back near normal

Published September 18, 2008, 1:29 pm in Oil

* Repairs following storms in south and northern bomb successful

Plus:
*Maliki reportedly asks British for energy help
*Parliamentarians displeased with Electricity Minister
*Iraq preps record budget for 2009
*Cholera epidemic spreads
*Reidar Visser on the Democratic Party’s Iraq plan

Iraq has resumed oil exports following a storm that shut in the southern port of Basra and the completion of repairs to the bomb-damaged northern pipeline that carries crude from the northern Kirkuk fi…

Iraq oil output drops, bombs and storms blamed

Published September 15, 2008, 12:55 pm in Oil

Plus:
*Oil Ministry to explain oil and gas bidding to companies in London next month
*Karbala sees 13 power projects
*Finance Ministry agrees to worker demands
*Recap of weekend violence highlights troubled future
*Artists transform the blast walls
*Exploring Al-Qaida in Iraq and the Awakening’s fate
*Much more

A bomb blast on an oil pipeline last Wednesday was the cause of a halt in Iraq’s northern oil exports since then, but flows should resume in the next 24 hours, the North Oil C…

DNO expands Tawke oil contract area in Iraq Kurdistan region

Published September 12, 2008, 7:39 pm in Oil

Plus:
*DNO nearer to export oil
*IMF gives Iraq marks on economy
*Basra power plant up and running
*Rumors over Maliki future
*Alive in Baghdad: Sadr City
*Much more

Norway’s DNO will expand its successful Tawke project in northern Iraq, moving closer to being able to export oil via pipeline, Ben Lando reports for United Press International. Exporting the Kurdistan region oil depends more on politics than geology, however, as the central Iraqi government and Kurdistan Regional Governme…

Shell gas deal for south Iraq in a year

Published September 11, 2008, 11:57 am in Oil

Plus:
* Total, Shell confirm oil TSA talks over
* Baghdad energy conference postponed to December
* Alleged secret Defense Ministry torture prison found in Basra
* Alive in Baghdad: Shanasheel, Iraqi Traditional Architecture
* Much more

Iraq expects to sign a gas deal with Royal Dutch Shell within a year and negotiations to sign the deal will start soon, an Iraqi oil official said, Hassan Hafidh reports for Dow Jones Newswires. The Iraqi Oil Ministry needs to agree with Shell the terms o…

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