In its 21st ordinary meeting held on 9th June 2009 the Council of Ministers-CoM in Iraq decided to propose a draft law which provide every producing province (Governorate) a 50 cent for every barrel of oil produced by it. The decision was said to be a fulfilment of Article 121 sub-paragraph “Three” of the Constitution regarding equitable revenue sharing. Apart from this brief note the CoM website provides no further…
The Accelerated Program: A Delayed Start With Hurdles!
The interview with Mr Jabbar Al-Luaibi provides serious and damaging revelations, and could implicate top management of the Ministry of Oil-MoO on grounds of negligence, incompetence, loss of potential oil revenues and production capacity etc. The seriousness of the provided counts of events and matters calls for an independent investigation, and could very well be incorporated in the possible forthcoming questioning of the minister of oil before the Parliament. Since…
Jabbar Al-Luaibi
Former Director General of South Oil Co and oil ministry advisor Jabbar al-Luaibi discusses in an interview with Ruba Husari in Dubai May 16, 2009 the state of the oil fields in southern Iraq and the reasons behind the recent loss in production capacity at Iraq’s major producing oil fields. Q: You brought the oil sector back from the ashes in 2003 and ramped up production till you achieved…
1st Licensing Round-Factbox
Results of the First Licensing Round announced in Baghdad June 30, 2009 Objective Of The Process Prequalification Process Timeline Contract Areas Fields Overview Participating Companies Participation Fees Consortia Bidding 1st Licensing Round Fields Reserves (table) 1st Licensing Round Prequalification Process & Results 1st Licensing Round Fields Map