9 November 2008 In response to the controversy over whether the Iraqi oil ministry has the right to award oil field development contracts under its first bid round, former Oil Minister Thamir Ghadhban argued that the ministry relies on a 1987 law that placed the powers to sign contracts into the hands of the oil minister and on the fact that the 2005 Iraqi constitution does not require the legislature’s…
Tag: 1st bid round
Iraq Watch – Confused Priorities
26 September 2008 A second bid round for Iraq’s upstream sector, currently being prepared by the oil ministry, promises to transform the country’s oil industry. If all goes to plan, a second set of oil and gas fields would be awarded by the end of next year, hard on the heels of the first eight fields announced this summer — and the Iraqi oil industry will be bustling. That’s good…
Iraq Watch – The Need for Clarity
17 October 2008 Iraq finally unveiled the terms of its big upstream opening. International oil companies now realize that to win a 20-year service contract to rehabilitate and redevelop some of Iraq’s giant oil fields, they need to offer it high production targets at the lowest cost. For committing to spend money on rehabilitation of infrastructure and drilling of wells as well as a new reassessment of recoverable reserves in…
Thamir Al-Ghadban
Former Oil Minister and Chief Advisor to the Iraqi Prime Minister Thamir al-Ghadban talks to Ruba Husari in London April 29, 2009 Q: What are the chances that the first bid round concludes according to schedule this summer? A: Based on what has been done so far starting from the announcement of the first licensing round last year and all the steps that followed, including the road-show in London, the…