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Energy

Iraq takes action on illicit oil schemes

U.S. designation of a key oil sector logistics provider highlights sanctions risks, prompting Iraqi measures to combat corruption in fuel trading.
Iraqi Navy vessels take part in operations to combat illicit oil sales in August 2025. (Photo credit: GCPI)
Mar 25, 2009

IOCs invited to comment on Iraqi model contract

Iraq's Oil Ministry has sent out a model contract to IOCs pre-qualified to bid in its first licensing round, giving the companies the opportunity to comment on them until 1 April. "We had sent out to bidding companies on March 19 a semifinal version of the model contract," Abdul Mahdy al-Ameedi, deputy director-general at Iraq's […]

Mar 24, 2009

Iraqis need better Iraq, U.S. effort

New GAO report: Oil revenue surplus will cover budget deficit, but Iraqis in need of basics like water, while oil and electricity sector need billions of dollars.

Mar 24, 2009

Shahristani courting IOCs

Oil minister treks to France for big economic meetings, gets pat on the back by IEA, following big news on Statoil, others.

Feb 26, 2009

Iraq finalizes oil drilling joint venture with Mesopotamia Petroleum

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. […]

Feb 24, 2009

Few details emerge about strange South Korea-Iraq oil deal

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 […]

Feb 19, 2009

Baiji sees corruption cleanup, saving Iraq oil from smugglers

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, […]

Feb 12, 2009

Mitsubishi added to Shell-Iraq gas deal

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 […]