After initially announcing three weeks ago that he was setting up Thi Qar Oil Co. in the Nassiriya province, Iraqi Oil Minister Hussein al-Shahristani seems to have got better advice since, and is now set on creating the Midland Oil Co. to be in charge of the central oil and gas fields. Thi Qar division within SOC will remain in charge of the fields in the province, mainly Nassiriya and…
Tag: 2nd bid round
IOCs and the Future of Basrah
I believe the governor’s views are quite right, very positive and give assurances to the IOCs who signed contracts to develop oil fields in the Basrah governorate. The message is clear to the IOCs to engage with the local community and make an effort to reach out. It’s true that, and in spite of the monopolistic and concessionary nature of the old contracts IOCs had with Iraq, Basrah people did…
Shiltagh Aboud
Basrah Governor Dr Shiltagh Aboud lays down his expectations from international oil companies in an interview with Ruba Husari in his office in Basrah Feb. 4th, 2010. Q: Five of the oil fields development contracts awarded recently concern fields in the Basrah province, how do you see the benefits beyond the oil sector? A: I personally consider that the organization of the bid rounds and the participation of companies from…
Breaking The Oil Curse
For the first time the Iraqi federal budget for 2010 legislated Jan.26 includes allocations that will see the wealth redistributed among regions and governorates in a bid to make those who produce the oil benefit from it directly, while at the same time compensate them for the environmental damage suffered as a result of the oil and gas operations. That must be a first in the history of Iraq as…