A capacity of 6 million b/d though achievable but is not the answer to the state requirements of revenue, while 12 million b/d can’t be maintained for a long time and requires higher investment within a short number of years and involves a high risk if the markets cannot absorb it. Committing huge investments to end up with an idle capacity is not an ideal scenario for Iraq. In my…
Tag: ExxonMobil
Iraq Energy Outlook 2012
Thamir Al-Ghadhban: Iraq Energy Outlook, Istanbul – May 4, 2012
Abdul Mahdi Al-Ameedi
Abdul Mahdi al-Ameedi, director general of Iraq’s oil ministry’s Petroleum Contracts & Licensing Dept. (PCLD), sheds light on the ministry’s fourth bid round scheduled for May30-31, and the service contract on offer, its advantages and shortcomings, in an interview with IOF editor Ruba Husari in Baghdad. (للنص العربي اضغط هنا) Q: Offering a service contract type with a fixed fee for oil and gas exploration work is unusual and almost…
Iraqi Oil Policy & Constitutional Issues
Joseph Bell & Cheryl Saunders – Iraqi Oil Policy & Constitution Issues Regarding Federal and Regional Authority