14 October 2008 Iraq’s oil ministry and the Kurdistan Regional Government (KRG) have held talks in recent weeks that could pave the way to export oil produced in the northern region by international oil companies. They could also possibly open the way for an agreement between the federal government and the KRG on the contested production sharing contracts awarded by the KRG in recent years, Iraqi sources said In the…
Month: April 2009
Iraq Starts Countdown for Contract Awards
14 October 2008 Iraq’s oil ministry on Monday launched a competition among 35 international oil companies for six of Iraq’s most prized oil fields and two undeveloped gas fields under 20-year service contracts, which Iraqi Oil Minister Hussein al-Shahristani said he expects to be “finalized and presented to the Iraqi cabinet for ratification before the end of June.” Prequalified companies for Iraq’s first bid round, including all the majors as…
Shell Inks Iraqi Gas Deal in Baghdad
23 September 2008 Royal Dutch Shell and Iraq on Monday inked a heads of agreement (HOA) to establish a joint venture to gather, process and market associated natural gas from southern Iraq, and plan to sign a definitive multibillion-dollar deal within a year, Iraqi and industry sources said. Officials from Shell’s gas and power division, headed by Executive Director Linda Cook, traveled to Baghdad on Monday for the signing ceremony,…
Head Named for New Oil Firm in Southern Iraq
11 September 2008 Iraqi Oil Minister Hussein al-Shahristani has named Ali Muarij, a petroleum engineer from southern Iraq, director-general of Missan Oil Co. (MOC), the first regional operating company to be set up since Iraq National Oil Co. was dismantled in 1987, Iraqi sources told International Oil Daily from Baghdad Wednesday. The cabinet in June approved the creation of MOC to operate all oil fields in Missan province in southern…