15 July 2008 The Iraqi cabinet has decided to establish a new body to speed up the award of contracts for strategic projects, including in the oil sector, Iraqi Prime Minister Nouri al-Maliki told International Oil Daily in an interview in Baghdad Monday. It will invite companies directly to compete for and negotiate one type of yet-to-be-determined model contract, even if the long-awaited hydrocarbon law has still to be adopted,…
Author: Ruba Husari
IOF Editor
Baghdad Rethinks Short-Term Service Deals
11 July 2008 The Iraqi oil ministry has asked Western majors to submit new proposals for technical support contracts (TSC) running for one year, rather than the planned two years — raising questions about the viability of the new deals, industry and Iraqi sources told International Oil Daily this week. Majors were expected to sign two-year TSCs at the end of last month, but Oil Minister Hussein al-Shahristani put the…
Shell Official in Baghdad for Gas Talks
13 June 2008 A top-ranking Royal Dutch Shell official is in Baghdad this week to discuss a heads of agreement to establish a joint venture to invest in Iraq’s gas sector and process associated gas from southern fields for domestic and export markets, an Iraqi oil source told International Oil Daily Thursday. The talks, the first held in the Iraqi capital by a senior international oil company executive since 2003,…
Shell, Iraq Push on With JV Gas Talks
6 June 2008 The Iraqi oil ministry and Royal Dutch Shell will launch a second round of talks in Damascus next week on establishing a joint venture in southern Iraq to exploit associated gas, a ministry source in Baghdad told International Oil Daily Thursday. The talks follow a first round of negotiations in late May aimed at concluding a heads of agreement this summer. The Anglo-Dutch supermajor submitted proposals to…