15 July 2008 The Iraqi cabinet has decided to establish a new body to speed up the award of contracts for strategic projects, including in the oil sector, Iraqi Prime Minister Nouri al-Maliki told International Oil Daily in an interview in Baghdad Monday. It will invite companies directly to compete for and negotiate one type of yet-to-be-determined model contract, even if the long-awaited hydrocarbon law has still to be adopted,…
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Oil Chaos
2 March 2007 Iraq’s draft petroleum law, approved by the cabinet this week, claims to be fair, clear, transparent and efficient. It’s anything but. The bill, which has to be approved by parliament before coming into force, emerged after a series of compromises — and US pressure — aimed at overcoming Kurdish opposition to any form of centralized power. The result is to enhance the country’s division along ethnic lines…