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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)
Sep 25, 2007

Iraq and the Oil Overshadowed

As the U.S. and world media play with President’s Bush and Ahmadinejad, there is a slowdown of Iraq energy related information. However, Oil Minister Hussain al-Shahristani is none too pleased with the KRG. Also in today’s Iraq Oil Report, Iraq offers Jordan more discounts to the oil. Plus, at the end, I’ll supply some details […]

Sep 24, 2007

The Greenspan flap, Iraq’s oil and accusations of U.S. attempts to control it…

Former Fed. Reserve Chair Alan Greenspan, prophet of U.S. economic stability, sure started a firestorm with the 20 words in his book that said the Iraq war is about oil. Walid Khadduri reports in Dar Al-Hayat on the ensuing discussion that needs to happen now that the flames have been fanned. A person with the […]

Sep 21, 2007

Clearing up the muddy Iraq oil debate

This is a good time to clear up some of the issues surrounding the debate over Iraq’s oil and proposed legislation related to the hydrocarbons sector. Oil Law Semantics Except for President Bush, most members of Congress and others detached, the "Oil Law," also referred to as the "Oil and Gas Law" and the "Hydrocarbons […]

Sep 20, 2007

Iraq Oil Unions Claim U.S. Troops Shot Chief Engineer

The Iraq Federation of Oil Unions held a protest in Basra today outside the Southern Oil Company’s office. They claim U.S. troops shot a worker in the Rumaila field, and want action by both the Iraq and U.S. governments. "They treated him as if he was an animal, they shot at him and kept on […]

Sep 18, 2007

Iraq War, Oil and Greenspan’s Gospel

The U.S. media blew up, and the Bush administration responded, when the 20 words from former Fed. Reserve Chair Alan Greenspan’s new book called out the oil motive for the Iraq war. Greenspan utilized his 15 minutes on the book circuit to explain what he meant to say, an apparent attempt to take the heat […]

Sep 13, 2007

It must be bad for the oil law…

…if The New York Times is writing about it A1, top of the fold. Also in today’s Iraq Oil Report, the U.S. wants to ink deals with Sadr while its top Anbar ally is assassinated. But first, James Glantz writes the tender deal making on the law governing Iraq’s vast reserves seems to be falling […]

Sep 12, 2007

Governing Kirkuk

I am a responsible person and in assuming government responsibility, I will not be afraid. I was subjected to many assassination attacks but I was not afraid. Since I’ve accepted to assume responsibility, I should be able to cope with such responsibility and I’m never afraid and I’ll never be afraid. This is a motive […]

Sep 11, 2007

KRG issues warning shot to Shahristani

Iraq Oil Minister Hussain al-Shahristani’s comments in Dubai about Iraqi Kurdistan’s oil prerogatives, calling into question their legitimacy and legality, didn’t sit well in Irbil. The KRG issued a statement Tuesday calling the remarks "totally unacceptable." Dr Shahristani was already strongly advised to stay out of issues over which he has no authority. But once […]

Sep 10, 2007

10 days with Iraq in Dubai

Two conferences on Iraq oil and other energy, security and political issues. Government and oil industry officials met and went. And now back to Iraq, where the oil law, as well as the revenue sharing law, seem far from complete. But behind all the controversy and political rhetoric from in and outside Iraq, the fact […]