News and Interviews on Iraqi Oil
Laith Al-Shaher is the Director General of the legal department at the Iraqi oil ministry and one of the main negotiators of the South Gas Project with Royal/Dutch Shell and Mitsubishi. In a first for an oil ministry official, he spells out the main features of the deal in an interview with IOF editor Ruba Husari in Baghdad, as well as the nature of Basrah Gas Co, the first gas joint venture…
After two delayed dates and three model contracts issued, one of which was withdrawn, Iraq has finally awarded its three gas fields of Akkas, Mansuriah and Siba to small oil companies pushing for a foot in Iraq’s energy sector. Having pre-qualified 13 companies, including France’s Total, Italy’s ENI and Norway’s Statoil, only five companies finally made it to Baghdad on Oct. 20th to participate in Iraq’s 3rd bid round in…
As Iraq’s third bid round for gas field development drags on, mired by successive delays, with no viable commercial structure in the draft model contract and confusion over the utilization of gas to be produced, Iraq’s next government is better off focusing on increasing Iraq’s gas reserves by launching an exploration drive to find new gas resources and develop them. Iraq has 65 defined exploration blocks on its maps, the…
Iraq is struggling between the urge to become a regional – and eventually an international – player on the gas scene and the need to supply a domestic market whose demand for gas for power generation is expected to continue rising drastically. That urge is exacerbated by the KRG’s ability to conclude swift deals to export gas regardless of whether such deals – which, like exporting oil, would require state…