EDITOR'S NOTE: The issue of production-sharing contracts (PSCs, also called production-sharing agreements, or PSAs) in Iraq is a contentious one. Encouraged initially by American advisers as the best means for investment in post-war Iraq by, the system, which allows oil companies to take a share of the profits of all oil extracted, can mean that […]
Results for "one oil field awarded many questions remain"
One oil field awarded, many questions remain
Iraq’s Oil Ministry must decide what next after putting eight oil and gas fields up for foreign oil investors.
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 […]
Interview: Sabah Shabeeb al-Sa’idi
Top Oil Ministry official negotiates contracts, talks to Iraq Oil Report about the BP deal for Rumaila, gives details of the second bidding round process and contract, and hints at the Nassiriya winner.
The year ahead
From oil policy to politics to security, the events of a momentous 2010 have shaped the agenda for 2011. A briefing for the new year from Iraq Bureau Chief Ben Lando.
Iraq oil revenue audit to be handed over to all-Iraqi team
Plus: *Oil law back in Parliament *New wells and other work to boost oil production *However, questions remain *Status Of Forces Agreement update *The Turkey-U.S.-Iraq-Iraqi Kurd dance *Iraq Press Roundup *Much more The U.N.-mandated auditor of Iraq's oil revenue says, despite accounting troubles, it is ready to hand off its work to an all-Iraqi team […]
INOC law receives Oil Ministry backing
National company would strip ministry of most oil operations; plus an update on the Nassiryah contract and the second bidding round.
Shell gas deal gets initial OK, including exports
Iraq inked a draft deal to form a company with Shell and Mitsubishi to capture, process and export gas that is currently flared in Basra fields.
Oil Ministry, Parliament battle over fourth bid round
Luaibi rejects Parliament committee's demands to delay January bid round for exploration deals.
Karbala refinery nears completion
After years of financing challenges and delays, the Karbala refinery is almost ready to start producing high-quality fuel to feed rising domestic demand.
Analysis: Iraq lacks energy strategy
A new deal to build a gas import pipeline from Iran reveals Iraq's failure to build a comprehensive energy strategy, writes former oil minister Issam Chalabi.
Slow going on Zubair, W. Qurna and Nassiriya deals
Three contracts with foreign oil firms including Exxon Mobil and Shell are slowly making their way through the Iraqi contracting process, which requires political approval.
Iraq pursues solar power goals, but hurdles remain
Solar could give a game-changing boost to Iraq's electricity supply and budget, but outdated policy, rigid bureaucracy, and political dysfunction stand in the way.