The Canadian firm announced it found oil in its exploration of a block signed by the KRG.
It's not as easy as hooking up the taps -- how the money flows, and to who, remains to be agreed upon.
Swiss-Canadian independent Addax Petroleum has reiterated goals of producing 180,000 b/d of oil from its Taq-Taq field in Iraqi Kurdistan within two years, despite the bulk of its current production capacity at the field being shut in for lack of export routes. During a company strategy presentation, Addax said that current production stood at 11,000–12,000 […]
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 […]
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.
Oil minister treks to France for big economic meetings, gets pat on the back by IEA, following big news on Statoil, others.
Three IOCs in bilateral negotiations as Iraq attempts to improve licensing round terms.
Talks Barzani beef, production sharing contracts, and the need for investment with Business Week.
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. […]
