Tariq Shafiq

Tariq Shafiq is one of the founding fathers, former director, vice chairman and executive director of Iraq National Oil Company (INOC) founded in 1964. He was also a veteran of its predecessor, Iraq Petroleum Company (IPC) where he served in various technical capacities since 1954, including as head of petroleum engineering. In this candid interview with IOF editor Ruba Husari, he gives his expert take on the different versions of…

Wikileaks: Bid Rounds & Contracts

AFTER INITIALING OIL CONTRACTS, IRAQ DEMANDS CHANGES OIL MINISTER TO CHANGE SIGNING BONUSES FOR 2009 FIRST BID ROUND CONTRACTS CHEVRON ON IOC INVESTING IN IRAQ RUMAILA OIL-FIELD LAWSUIT CONTINUES BUT SUCCESS UNLIKELY FORMER OIL MINISTER AND COR CANDIDATE WEIGHS IN ON DE-BA’ATHIFICATION, OIL, AND EDUCATION BASRA: LOCAL DISSATISFACTION GROWS IN FINAL RUN-UP TO FIRST OIL BID ROUND IRAQ’S OIL BID ROUND 2: U.S. FIRMS’ PARTICIPATION IRAQ’S FIRST OIL BID ROUND…

Bid Round 4

Iraq’s oil ministry has set the ball rolling for its fourth bid round in two years by inviting international oil companies to pre-qualify to bid in its licensing round to be launched later this year. What’s on offer this time is 12 blocks or so, spread across the country where companies will be exploring for, primarily gas, but also for oil. Though Iraq does not need to develop any more…