25 April 2008 India’s state Oil and Natural Gas Corp. (ONGC) and Indonesia’s Pertamina recently opened talks with Iraq’s oil ministry about renegotiating exploration contracts signed with the Baath regime before the war in 2003, Iraqi officials told International Oil Daily Thursday. The two companies met with Iraqi ministry officials in Amman last week to adapt the deals to the new model contracts — called Service Exploration and Production Contracts…
Tag: oil-for-food
Despite Crisis, Iraq Outlines Grand Oil Plan
21 February 2003 Unfazed by the prospect of an imminent war, Iraqi oil officials are forging ahead with a 10-year plan drawn up last year, which aims to bring on stream early oil production from discovered but not-yet-developed fields, as well as launch an ambitious oil and gas exploration program to boost proven reserves. The 10-year plan, which stretches through 2012, aims at almost doubling oil production capacity in the…
Iraq-Russia: What Now?
16 July 2001 Using its oil as both weapon and bribe, Iraq — thanks to Russia and some of its Arab neighbors — has thwarted US attempts to revamp the 11-year-old UN sanctions regime, and end Baghdad’s control over oil smuggling. For Washington, which launched the initiative in February as a cornerstone of its Mideast foreign policy, it’s back to the drawing board. A Russian “nyet” to the Anglo-American ideas…
Neighborly Trade
23 June 2000 Iraq’s trade relations with its Arab neighbors are flourishing. Businessmen from around the region are flocking to Baghdad. Bustling trade fairs reminiscent of the days before sanctions are back. Viewed regionally, economic sanctions seem to be crumbling, as Iraq wends its way back into the Arab economic – although not yet the diplomatic – arena. Since the inauguration of the United Nations oil-for-Food program in 1996 first…