14 March 2003 A group of Iraqi exiles opposed to Saddam Hussein is gearing up to present itself as an alternative to opposition groups like the Iraqi National Congress that, having worked closely with Washington for years, are now regarded as US sell-outs by most Iraqis. The group, led by former foreign minister Adnan Pachachi, rejects a US military administration and is against any foreign interference in managing the oil…
Tag: PSC
Iraq Kicks Off Buyback Contract Negotiations
25 February 2000 Iraq has finally started negotiations on its first modified buyback agreements, offering contracts with an average term of 12-15 years to a number of Asian companies – including Malaysia’s Petronas, which is discussing a deal for the 200,000 b/d Ratawi field. Iraq believes buyback contracts may prove easier to implement than production-sharing contracts (PSCs) once United Nations sanctions prohibiting investment are lifted. “We want something we can…