The Iraqi council of ministers has finally given its final stamp of approval today for the first gas deal of its kind in Iraq’s energy history based on the agreement initialized on July 12 between Royal Dutch Shell, Mitsubishi and South Gas Co, to capture and process flared gas in southern Iraq. This deal would put Iraq on the global gas map, something long due in view of the country’s…
Tag: Chevron
Wikileaks: Bid Rounds & Contracts
AFTER INITIALING OIL CONTRACTS, IRAQ DEMANDS CHANGES OIL MINISTER TO CHANGE SIGNING BONUSES FOR 2009 FIRST BID ROUND CONTRACTS CHEVRON ON IOC INVESTING IN IRAQ RUMAILA OIL-FIELD LAWSUIT CONTINUES BUT SUCCESS UNLIKELY FORMER OIL MINISTER AND COR CANDIDATE WEIGHS IN ON DE-BA’ATHIFICATION, OIL, AND EDUCATION BASRA: LOCAL DISSATISFACTION GROWS IN FINAL RUN-UP TO FIRST OIL BID ROUND IRAQ’S OIL BID ROUND 2: U.S. FIRMS’ PARTICIPATION IRAQ’S FIRST OIL BID ROUND…
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…
Baghdad Rethinks Short-Term Service Deals
11 July 2008 The Iraqi oil ministry has asked Western majors to submit new proposals for technical support contracts (TSC) running for one year, rather than the planned two years — raising questions about the viability of the new deals, industry and Iraqi sources told International Oil Daily this week. Majors were expected to sign two-year TSCs at the end of last month, but Oil Minister Hussein al-Shahristani put the…