The International Monetary Fund announced in July that it has approved a three-year, $5.34 billion loan for Iraq under the Stand-By Arrangement facility, which it said was focused on “implementing economic and financial policies to help the country cope with lower oil prices and ensure debt sustainability.” The promised financial assistance was made conditional on—among other things—Baghdad settling all debts to international oil companies (IOCs) without adding new debts. To satisfy that condition, this would require Iraq to allocate a big chunk of its oil exports to paying IOCs at the expense …
The Chairman of the steering committee that formulated Iraq’s first Integrated National Energy Strategy (INES) and head of the Prime Minister’s Advisory Commission (PMAC), Thamir Al-Ghadhban, explains in an interview in Baghdad with Ruba Husari, editor of Iraq Oil Forum, the formulation, the dynamics and the political risks impacting the strategy.
Q: What is the Integrated National Energy Strategy and how did it come about?
A: When we say a strategy we always think about vision and also ways and means of reaching this vision. We also always associate a …
Nassiriya Integrated Project- Indicative Timeline
PCLD Announcement – Prequalified Companies (The following companies have been newly pre-qualified for downstream or upstream/downstream. Bidding is open to those companies as well as those already pre-qualified in previous rounds).
Who is Working Where in Iraq (2013) Companies Holding Oil Contracts with Iraq (2013)
I move that Iraq oil has been the target of the major consumers, their governments and IOCs.Why? Iraq Oil the Jewel in a Global Context When? The answer is in the Background: The Concessions Era, The Loot of the First World War and 2003 Occupation How? The Events Speak for Themselves