Q&A: Iraqi Oil Minister Jabbar al-Luiebi

Iraq announces record exports and oil sector development plans as it agrees to an extension of OPEC production quotas through 2018.
Iraq Oil Minister Jabbar al-Luiebi (center) awaits the start of the Nov. 30, 2017, OPEC meeting with Alaa al-Yassiri (left), director general of the State Oil Marketing Organization and Adnan Noshi (right), director general of the Missan Oil Company. (Source: Iraq Oil Ministry media office)

VIENNA - Undeterred by the prospect of yet another extension of OPEC production caps, Iraqi Oil Minister Jabbar al-Luiebi is resolute in forging ahead with new plans to develop Iraq’s oil sector.

Luiebi, briefing journalists before the OPEC meeting Thursday, hinted at his thinking on technical service contract (TSC) revisions and new contract models, said more companies have expressed interest in taking Shell's Majnoon stake, and remained bullish on the ExxonMobil/PetroChina South Iraq Infrastructure Project.

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