Lawsuit challenging fundamentals of international oil deals is accepted by judge, and a hearing scheduled for next month.
Tag Archive for 'Oil Production'
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Iraqi Oil Ministry announces an agreement has been reached for three remaining oil deals, all to be signed by end of January.
Second of three June auction deals is signed with Italy’s Eni as Iraq makes way for investment that could lead to 12 million bpd capacity.
Petronas and Japex finalize development deal for Garraf, as ministry readies for another week of oil contract signings and negotiations.
Workers say the popular Manna al-Obeidi should be replaced by someone born in Kirkuk, though the ministry claims his deputy is the right man for the job. Both are beyond the mandatory retirement age.
Iraqi federal court hears government defense, postpones hearing and fate of contracting process until Jan. 11.
Iraq begins Sunday and ends Dec. 30 with initialing of the oil contracts awarded Dec. 11 and 12, to be sent to the Council of Ministers.
Dec. 22 hearing the first legal challenge to oil contracts concluded this year with foreign oil companies, including seven awarded Friday and Saturday.
Thanks to two oil auctions, within eight years Iraq may eclipse Saudi Arabia to become the largest oil producer in the world. Many obstacles, however, remain.
A breakdown of the expected oil production from the 10 fields Iraq awarded for development to foreign oil companies since June 30.
