11 March 2008 Iraq intends to offer five big producing fields and two small ones in its first bid round, planned for this year, in an attempt to boost output by a significant amount as speedily as possible, a senior government official involved in the process and Iraqi oil ministry sources told International Oil Daily Monday. The fields will be offered on service contracts running for at least 20 years….
Tag: contracts
Iraqi Cabinet OKs Deals With Majors
5 March 2008 The Iraqi cabinet has given the oil ministry the go-ahead to sign technical support contracts to develop five producing fields with five of the world’s top oil firms, Iraqi sources told International Oil Daily Tuesday. The companies — BP, Chevron with partner Total, Exxon Mobil and Royal Dutch Shell — have now been invited to a new round of talks in Amman, Jordan, starting on Mar. 14….
Iraq Punishes Oil Firms With KRG Deals
16 January 2008 Iraqi Oil Minister Hussein al-Shahristani has followed up on threats to punish companies that sign deals with the Kurdistan Regional Government (KRG) by canceling the memoranda of understanding (MOU) some had inked with his ministry, a ministry source told International Oil Daily from Baghdad Tuesday. This is the first concrete step toward depriving them of any future deals with Baghdad. Al-Shahristani had persistently told companies that Baghdad…
Sunnis, Shiites Ink Fragile Pact Against Kurds
15 January 2008 Sunni, Shiite and independent lawmakers came together in Baghdad Sunday to sign a pact that, for the first time, issued a collective Sunni-Shiite demand for central control over oil resources and criticized the Kurds for their go-it-alone stance in signing oil deals. Signatories to the statement of common understanding included the political wing of radical Shiite cleric Moqtada al-Sadr, the secular Iraqi National List of former Prime…