Iraqi tecnical services contracts stalled
Oil negotiations between a handful of foreign companies and the government here appear stalled, setting back once again efforts to open up Iraqi oil fields to international companies, writes Gina Chon for The Wall Street Journal. Oil Ministry officials had said they hoped to sign contracts by the end of June. That deadline came and […]Oil negotiations between a handful of foreign companies and the government here appear stalled, setting back once again efforts to open up Iraqi oil fields to international companies, writes Gina Chon for The Wall Street Journal.
The consortium, which also consisted of Vitol Holding and the United Arab Emirates' Dome International, was negotiating a short-term no-bid technical service contract, or TSC, to develop Luhais oil field in southern Iraq.
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