A deal has been finalized creating a joint venture between the Iraq Drilling Co. and the British Mesopotamia Petroleum Co.
It’s the first such joint venture in post-Saddam Iraq, and will likely be a template for future projects to bring foreign oil companies into the world’s third largest oil reserves.
The Iraq Oil Service Co. will be responsible for drilling at least 60 wells a year, with the country seeing a 120,000 barrels per day increase within the first year, Ahmed Rasheed repor…
Plus:
*Ghadban: Iraq oil workers will bring back production
*Electricity Minister: France welcome to build nuclear plant
*Iraq Oil Ministry gets 38 applications for second round of oil and gas field bids
*Get your second round company list only at Iraq Oil Report
*Pipeline to Syria makes news, no construction yet
*Int’l Unions take Iraq Government, ministries to task for labor violations
*Alive in Baghdad: new video
*Much more in Oil, Energy, Economics and Security, Society & Politics
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Plus much more in this long-weekend edition of Iraq Oil Report, including updates on more going on in the oil and electricity sector, election results revealed, and the status of key security, societal and economic issues. A must read:
One might call them the Batman and Robin of the Bayji oil refinery.
Together Ali al-Obaidi, director-general of the Northern Oil Company, and his sidekick, Colonel Adil al-Jamali, commander of the Bayji oil police, have become a formidable crime-fighting duo a…
Plus:
*After the Istanbul meetings with international oil companies
*Now Prime Minister Maliki takes charge
*Electricity Ministry reaches out to Iran, Syria, Turkey counterparts
*Obama calls Turkish leaders, talks include Iraq
*Japan makes pre-loan visit to Basra
*U.S. says Western investment incoming
*Pres. Talabani's party in limbo
*Much more
The Iraqi Navy is paying the U.S. Army Corps of Engineers to revamp part of Umm Qasr port in southern Iraq, the first Iraq to U.S.ACE Foreign …
Plus:
*Iraq sweetens deal to oil majors in Istanbul meetings
*South Oil Co. offers oil companies 40 wells to drill
*Walid Khadduri on oil and elections
*Iran-Iraq meetings pledge oil, other economic trade boost
*KRG changes legislative body name, says Qandil Mountains contained
*Baghdad museum to reopen
*Fallujah still in ruins
*Joost Hiltermann: lessons of a peaceful election
A natural gas deal in the works between Shell and the state-run South Gas Co. will now include Mitsubishi and…
Karim Waheed Hasan talks about increasing the power supply but being outpaced by demand, disputes with other ministries, worsening security and sectarianism and politics.
Iraq could export more crude from its southern al-Basra Oil Terminal if there was development onshore of key infrastructure, terminal manager Shukour Taha says.
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.
