Oil & Gas Law

It is obvious that the primary aim of the draft oil and gas law (OGL) prepared by Adnan Janabi et al, is to negate the role of the Federal Government in oil and gas affairs. It is difficult to imagine that the people behind this draft OGL do think that it is in the national interest to make the Regions stronger, and the Center weaker, than they are now. If…

Oil & Gas Law

Reading through the interview, one gets impressed not only by the brilliant answers of Tariq Shafiq who is a  firsthand expert in his  field of oil industry and the founding father of the National Oil Company of Iraq, but also by the intelligent and well placed questions of Ruba Husari. The prudent answers of Mr. Shafiq stem from a thorough understanding, not only of the role of oil in the…

Bid Round 4

It seems to me that bidding rounds are becoming a hobby rather than requirement. Exploration does not  require bidding cycles. All it needs is  hiring a seismic contractor and a drilling contractor. In fact, I do not see why these fuctions cannot be handled directly by the Ministry of Oil, through the departments of Exploration and Drilling. Pre-2010, we complained about the inaction of the Ministry of Oil. Now, we…