Ministry unveils tough terms for 4th bid round

Iraq Oil Minister Abdul Karim Luaibi gives welcoming remarks at the Fourth Licensing Round roadshow in Amman, Sept. 11, 2011. (BEN LANDO/Iraq Oil Report)

IOC officials express skepticism as model contract tightens cost-recovery mechanism and gives Oil Ministry the authority to delay production.

Contract for next auction in September

Iraqi Oil Minister Abdul Karim Luaibi (r) talks to reporters at the 159th meeting of the OPEC Conference in Vienna on June 8, 2011. Iraq's planned production increase and upcoming exploration blocks bidding round will challenge Saudi Arabia for primacy of the cartel. (JOE KLAMAR/AFP/Getty Images)

Iraq outlines the plan for the two-day roadshow next month where pre-qualified oil companies will get details on the 12 exploration blocks in the January auction.

Return of the kingmaker

Sadr speech

After four years of self-imposed exile in Iran, radical Shiite cleric Moqtada al-Sadr returns to an Iraqi political scene where his clout has never been greater.

Energy

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Basra gas deal with Shell stalled

Negotiations on joint venture company to capture wasted natural gas have ended and project will be put to tender, said Iraqi Minister of Electricity.

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Shell's continued re-entry into Iraq

Iraq Oil Report spoke to Mounir Bouaziz, Shell’s vice president for Middle East & North Africa, about what it will take to truly secure oil and gas investments in Iraq.

Interviews

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Corruption stemmed at Beiji refinery – but for how long?

The director general of the Beiji oil refinery, Ali al-Obaidi, sees a future of violence and corruption that could cripple the facility he saved two years ago.