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 Full Text: Tariq Shafiq: Iraq Oil, A Target: Why, When & How
Author: Tariq Shafiq
Petroleum Consultant
What Prospects for Iraq’s Oil?
If oil and politics are closely intertwined, this is certainly exemplified by the era of Middle East concession acquisition exploration and development, and more so in Iraq than anywhere else. The concession agreements were negotiated between the powers of the day, and enforced on the embryonic governments of the time. Production plans and policies were based on the consuming powers’ needs, with little consideration given to the concessionaires The concession era…
What’s Behind Iraq’s Reserves Revision
While one cannot exclude strategic motive to announce the reserves increase at this time, there is certainly room for doing so. Let us hope that the MoO is embarking on a policy of enlightening the industry, the public and the concerned Iraqi technocrats. The MoO statement while informative to the public, it is short of the necessary elaboration to be more meaningful to the oil technocrats. However, in my opinion Iraq oil reserves, as the…