14 April 2005 The pending appointment of a new government in Iraq — the third since September 2003 — appears unlikely to open the doors to large investments by international oil companies, although the drawing up of a constitution later this year may take them one step closer. But that’s not deterring firms from getting a foot in the door, with some 29 companies signing memorandums of understanding (MOU) with…
Tag: BHP
Iraq Field Study Attracts Strong Interest
17 August 2004 Despite its deteriorating security situation and unstable future, Iraq managed to attract a strong turnout for a contract to conduct reservoir and engineering studies at its largest two oil fields, Kirkuk and Rumaila. Some 14 bids were submitted from companies in Europe, North America and Australia, a senior Iraqi official said Monday. Iraq in June invited more than 30 companies to participate in the tender, which would…
Iraq: Who’s Working Where?
28 February 2003 In talking about possible war against Iraq, Bush administration officials insist that their main objective is not to get their hands on the country’s massive oil reserves. But post-war, fierce competition is almost bound to erupt between US oil firms that have been kept off-limits by the Iraqis, and those — including Russian, Asian, and European companies — that either have firm contracts with the current regime…