Thamir al-Ghadhban, former Iraqi Minister of Oil and Chairman of the Advisory Commission at the Prime Minister’s office, gives his take on the latest developments in Iraq’s oil sector and analyses future trends in an interview in Baghdad with Ruba Husari. Q: How do you expect a new government following the March 7 legislative elections to deal with the signed contracts? Is there a risk that the legality of those…
Tag: INOC
The Four Sisters
After initially announcing three weeks ago that he was setting up Thi Qar Oil Co. in the Nassiriya province, Iraqi Oil Minister Hussein al-Shahristani seems to have got better advice since, and is now set on creating the Midland Oil Co. to be in charge of the central oil and gas fields. Thi Qar division within SOC will remain in charge of the fields in the province, mainly Nassiriya and…
Wither INOC?
There is no chance that INOC draft law would be voted by parliament before the draft oil and gas law is legislated, according to Oil Minister Hussein al-Shahristani. Why? Because there is close linkage between the two laws as well as two other laws pending legislation; the oil ministry restructuring law and the revenue sharing law, “without which the state company would be paralyzed.” And that’s not all. There is…
INOC Draft Law
A Clarification about INOC draft law: The Council of Ministers (CoM) passed on July 28th by a majority vote a draft law for the re-establishment of Iraq National Oil Company “INOC”. A number of points were raised by the Shoura Council, Ministry of Finance, Ministry of oil and the Legal Directorate in the Council of Ministers Secretariat and a number of recommendations were made by the Advisory commission. All were…