Iraq oil contract disputed in new report commissioned by Parliament energy committee
Plus: *Read the entire draft Technical Service Contract *Oil Ministry gives more info on oil fields to companies *Russia's Lukoil, Italy's Edison express interest in fields on Istanbul sidelines *Missan Oil Co. preps for new well drilling *Technip awarded new Karbala refinery *Oil to Jordan slowed by technicalities *Violence rocks powder keg Mosul, Shiite pilgrimage […]The contract that Iraq's Oil Ministry is using to lure oil field development by the world's largest oil companies has been panned in an analysis conducted at the request of Parliament's Energy Committee chairman, whose party opposes the oil minister, and it adds to the troubles ahead for Iraq's oil politics.
Ben Lando reports for United Press International details of the contract are evolving as the Oil Ministry and international oil companies meet in Istanbul this week. While the ministry is wary of criticism that foreign firms are given too much room in Iraq's oil sector, it also must address claims that Iraq's oil policy should be decentralized.
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