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…
Tag: Shahristani
Budget 2011: Who Gets What
The Iraqi 2011 federal budget voted by parliament today includes two items that are related to payments to oil companies. It stipulates a payment of $1.75 billion as participation in the production cost of oil exported including under contracts of international oil companies signed with the Kurdistan region. The second item is an allocation of $2.73 billion for investment projects of international oil companies. The budget assumes the export of…
Adnan Al-Janabi
The chairman of the oil and energy committee in the Iraqi parliament, Adnan al-Janabi, spells out his plans to speed up the legislation of the pending oil sector laws and the role of his committee in resolving the conflict between the KRG and the federal government, in an interview with Ruba Husari in his office in Baghdad Feb.19. Q: What role do you see for the oil and energy committee…
KRG Contracts Conundrum
Iraqi Prime Minister Nouri al-Maliki announced earlier this month that the oil ministry approved the two production sharing contracts for the Tawke and Taqtaq fields, signed before the constitution was drafted, for a variety of reasons which to his mind justify the legalization by Baghdad. A day after Mr Maliki was interviewed, the Kurdish Prime Minister Barham Saleh was quoted as saying that “all contracts” signed by the KRG received…