As Iraq’s third bid round for gas field development drags on, mired by successive delays, with no viable commercial structure in the draft model contract and confusion over the utilization of gas to be produced, Iraq’s next government is better off focusing on increasing Iraq’s gas reserves by launching an exploration drive to find new gas resources and develop them. Iraq has 65 defined exploration blocks on its maps, the…
A History of Waste
Iraq is struggling between the urge to become a regional – and eventually an international – player on the gas scene and the need to supply a domestic market whose demand for gas for power generation is expected to continue rising drastically. That urge is exacerbated by the KRG’s ability to conclude swift deals to export gas regardless of whether such deals – which, like exporting oil, would require state…
Pumping Up Khurmala
Erbil – It seems that Baghdad and Erbil have reached a tacit agreement on how to divide the contested oil fields between the region and the rest of the country. Or that’s at least what seems to be happening in Khurmala Dome, one of three major domes making up the giant Kirkuk oil field. Khurmala Dome, which has de-facto become the Khurmala oil field, is the least developed of the…
Ashti Hawrami
The Kurdistan Regional Government’s minister of natural resources, Ashti Hawrami, spoke to Ruba Husari in Erbil late July on the latest developments in Kurdistan’s upstream and downstream sector, the smuggling controversy, differences with Baghdad over crude exports and the fate of the federal hydrocarbon law. Q. What’s the status of the different contracts signed so far with the KRG and how is work progressing on the ground? A. We have…