18 July 2008 Iraq plans to push ahead with development of oil fields in the Nassiriyah area of southern Iraq in the next few years in order to achieve the 100,000 barrels per day of production set as the benchmark for establishing a regional oil company, Oil Minister Hussein al-Shahristani says. The company would be similar to the one recently announced for Missan, also in the south. “We are speeding…
Tag: INOC
Iraq Names New Oil Company Chief
27 May 2008 Iraqi Oil Minister Hussein al-Shahristani has named the director-general of South Oil Co. (SOC), Jabbar al-Luaibi, as a special adviser. Al-Luaibi’s deputy at SOC, Kifah Numan, will take over as the new director-general in the coming days, an Iraqi oil source in Baghdad told International Oil Daily Friday. It is not clear why al-Shahristani moved al-Luaibi, but analysts said it could be because of a power struggle…
Iraq Outlines Details of First Bid Round
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….
BP Wants Stability, Oil, Contract Laws, Before Entering Iraq
23 March 2007 UK supermajor BP is staying away from Iraq’s northern Kurdish region, to avoid antagonizing the central government in Baghdad. However, despite the Iraqi government’s recent approval of a draft hydrocarbon law, BP will not venture into the country until there is a rule of law and it can be sure that contracts signed with the existing authorities would survive political change, a senior company executive said. “Every…