14 June 2005 Iraq’s Oil Minister Ibrahim Bahr al-Uloum has set up three new committees for marketing, contracts and downstream in a bid to fight corruption, as promised when he took over in May, Iraqi sources said. However, the sources warned that the new formula of running the oil ministry’s affairs by committees could paralyze the workings of the different departments by adding a new layer of bureaucracy. Just a…
Tag: Kirkuk
Three Options for Oil in Iraq Constitution
25 July 2005 As an Aug.15 deadline approaches for agreeing on a final draft of Iraq’s new constitution, Iraqi officials say the document should be ready for debate by a special committee next week, to be followed by the National Assembly. However, agreement remains elusive on how ownership and management of Iraq’s vast oil resources should be formulated in the draft constitution, a member of the constitutional drafting committee told…
Iraq’s Production, Export Status Seen Unchanged Until Late 2006
21 September 2005 Iraq is unlikely to see any major change in its current 2.2 million barrels per day of production capacity or in the paralysis of its northern export route until late 2006 or early 2007 at the earliest, according to former Oil Minister Thamer al-Ghadban. Upstream progress will only come with the implementation of recently awarded contracts and others under consideration, he told International Oil Daily Tuesday on…
Iraq Field Study Attracts Strong Interest
17 August 2004 Despite its deteriorating security situation and unstable future, Iraq managed to attract a strong turnout for a contract to conduct reservoir and engineering studies at its largest two oil fields, Kirkuk and Rumaila. Some 14 bids were submitted from companies in Europe, North America and Australia, a senior Iraqi official said Monday. Iraq in June invited more than 30 companies to participate in the tender, which would…