Tariq Shafiq- Iraq’s Oil History: Prospects & Limitations, Istanbul May 4, 2012
Month: May 2012
Refining for Politics
Iraq’s failure to attract investments for its four refineries offered to private investors after more than two years since their launch should invite a rethink of the investment model. Luckily this rethink has started and Iraq’s oil ministry is now on course to change the business model from a BOT (build-own-operate) to one that is based on a fixed fee per barrel. This is a welcome change for the potential…
Iraq Energy Outlook
A capacity of 6 million b/d though achievable but is not the answer to the state requirements of revenue, while 12 million b/d can’t be maintained for a long time and requires higher investment within a short number of years and involves a high risk if the markets cannot absorb it. Committing huge investments to end up with an idle capacity is not an ideal scenario for Iraq. In my…