11 September 2008 Iraqi Oil Minister Hussein al-Shahristani has named Ali Muarij, a petroleum engineer from southern Iraq, director-general of Missan Oil Co. (MOC), the first regional operating company to be set up since Iraq National Oil Co. was dismantled in 1987, Iraqi sources told International Oil Daily from Baghdad Wednesday. The cabinet in June approved the creation of MOC to operate all oil fields in Missan province in southern…
Tag: Halfaya
Iraq: Splits Dog Oil Law
9 March 2007 Having waited so long for a law offering the framework necessary to regularize and legitimize future investments in Iraq’s vast oil resources, international firms itching to get their hands on the biggest Mideast opportunity in decades now find consensus — perhaps the most important ingredient of all — lacking. Iraqis are divided over the legitimacy of signing contracts while the country is wracked by chaos, and some…
Power Struggle in South Iraq
31 August 2007 British forces, in control of southern Iraq since 2003, are expected to complete their withdrawal from Basrah in September and redeploy to a desert airbase, having already exited most urban centers in the last year. The move is interpreted by some as a prelude to a full British military withdrawal from Iraq, and a fight for supremacy is already raging in Iraq’s oil heartland among competing political…
Iraq Focuses On Pilot Projects To Counter Big Field Declines
8 July 2005 Iraq’s South Oil Co. (SOC) is launching a handful of pilot production projects at oil fields in southern Iraq, in an attempt to compensate for declines at its large producing fields, according to local industry sources. The big-field problems have been exacerbated by a lack of funds for drilling new wells and working over existing wells, as well as delays in implementing water injection projects. The major…