The Rush for Oil

The Rush for Oil: Iraq’s Oil Capacity Potential and Regional Geopolitics – MEES Op-Ed Nov.9-2009

1st bid round . 2nd bid round . BP . Chalabi . CNPC . commercial production . Dec.11-12 . December 2009 . East Baghdad . EIA . ENI . Exxon Mobil . Ghadban . Gharraf . Halfaya . IEA . initial production . Iraq-Saudi . istanbul . June 2009 . Majnoon . Nassiriya . Nazer . Nippon . non-producing fields . oil fields . oil ministry . Opec . producing fields . producing reservoirs . production capacity . production plateau target . remuneration fee . reserves . Rumaila . Shahristani . Shell . west qurna-1 . West Qurna-2 . Zubair 2009

Iraqi National Oil Co (INOC) – An Historical & Political Perspective

Mees Op-Ed – Sept.21,2009

1964 . 1967 . 1976 . 1987 . Allawi . concessions . constitution . council of ministers . Ghadban . INOC law . Iraqi laws . law 101 . law 123 . law 130 . law 267 . law 80 . law 864 . legislation . nationalization . oil and gas law . oil ministry . oil ministry law . parliament . revenue sharing law . Saddam Hussein . Shahristani 2009

The Model PFTSC – An Overview

Mees Op-Ed July 6, 2009

1st bid round . 1st licensing round . contractor . model contract . model PFTSC . operator . participation . remuneration fee . service contracts . work program 2009

Iraq Watch – Zero-Sum Game

6 February 2009

Collapsing oil prices and dwindling revenues are forcing Iraq’s oil ministry to review the terms of the first bid round it launched last summer. After all, the state entity might not be able to finance a 51% carried interest in each of the six oil fields as stipulated in the bid round’s tender protocol and draft model contract. As a result, companies meeting ministry officials at a technical workshop in Istanbul Feb 12-14 might hear news that is music to their ears; a reduction of the state partner’s equity in the oil fields projects to 25%-30%. At least that is the thinking in Baghdad at the moment.

If formalized, this change would have other significant implications, especially on the…

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1st bid round . Baghdad conference . Barham Salih . Big Oil . co-operator . contract terms . IOCs . Iraq parliament . istanbul . Maliki . model contract . oil ministry . operator . privatization . state partnership 2009