13 May 2008 Five oil majors have wrapped up talks with Iraqi oil ministry negotiators on short-term technical support contracts for five oil-producing fields and are now expected to submit their final proposals to the ministry by June, Iraqi oil sources told International Oil Daily Monday. The Iraqi oil ministry is keen to finalize the deals before it launches its first licensing round for long-term development contracts early this summer….
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Iraq: Splits Dog Oil Law
9 March 2007 Having waited so long for a law offering the framework necessary to regularize and legitimize future investments in Iraq’s vast oil resources, international firms itching to get their hands on the biggest Mideast opportunity in decades now find consensus — perhaps the most important ingredient of all — lacking. Iraqis are divided over the legitimacy of signing contracts while the country is wracked by chaos, and some…
Firms Line Up to Give Iraq Free Services
14 April 2005 The pending appointment of a new government in Iraq — the third since September 2003 — appears unlikely to open the doors to large investments by international oil companies, although the drawing up of a constitution later this year may take them one step closer. But that’s not deterring firms from getting a foot in the door, with some 29 companies signing memorandums of understanding (MOU) with…
Iraq Focuses On Pilot Projects To Counter Big Field Declines
8 July 2005 Iraq’s South Oil Co. (SOC) is launching a handful of pilot production projects at oil fields in southern Iraq, in an attempt to compensate for declines at its large producing fields, according to local industry sources. The big-field problems have been exacerbated by a lack of funds for drilling new wells and working over existing wells, as well as delays in implementing water injection projects. The major…