31 August 2006 An Iraqi government committee has been hammering away at contentious issues in a draft hydrocarbon law to regulate the oil and gas industry before it is submitted to the cabinet and parliament for approval. But it risks being blocked by a Sunni minority which also disputed the Iraqi constitution adopted by referendum last year. The committee which has been meeting over the past weeks is made up…
Tag: INOC
Perspective: Iraq plays for high stakes
12 November 2004 Iraq plans to revive its national oil company, dismantled by Saddam Hussein, by the end of the year. But the structure and role of Iraq National Oil Co. are proving highly contentious, with arguments between Iraqi oil veterans, oil ministry officials and politicians in the interim establishment a reflection of the conflicting visions of Iraq’s future. Energy Intelligence Middle East correspondent Ruba Husari reports on the controversy,…
Iraqi Plan for Radical Oil Reform Runs Into Controversy
30 September 2004 Iraq’s interim Prime Minister Iyad Allawi has taken the unusual step of suggesting that the Iraqi government disengage from running the oil sector, including management of the planned Iraq National Oil Co. (INOC), and that INOC be partly privatized in the future. Although a formal oil policy is desperately needed in Iraq, the proposals have provoked controversy, given their submission ahead of elections scheduled for January, which…
Iraq Sets Year-End Goal for INOC Rebirth
14 October 2004 Iraq’s interim Council of Ministers is expected to review a proposal to recreate a state oil company by next month at the latest, ahead of announcing its reestablishment before the end of the year, Iraq’s interim Oil Minister Thamer al-Ghadban said Wednesday. The proposal — which calls for the establishment of the Iraq National Oil Co. (INOC) as a holding company, with the existing North Oil Co.,…