The Accelerated Program: A Delayed Start With Hurdles!

The interview with Mr Jabbar Al-Luaibi provides serious and damaging revelations, and could implicate top management of the Ministry of Oil-MoO on grounds of negligence, incompetence, loss of potential oil revenues and production capacity etc. The seriousness of the provided counts of events and matters calls for an independent investigation, and could very well be incorporated in the possible forthcoming questioning of the minister of oil before the Parliament. Since…

Jabbar Al-Luaibi

Former Director General of South Oil Co and oil ministry advisor Jabbar al-Luaibi discusses in an interview with Ruba Husari in Dubai May 16, 2009 the state of the oil fields in southern Iraq and the reasons behind the recent loss in production capacity at Iraq’s major producing oil fields.   Q: You brought the oil sector back from the ashes in 2003 and ramped up production till you achieved…

1st Licensing Round-Factbox

Results of the First Licensing Round announced in Baghdad June 30, 2009 Objective Of The Process Prequalification Process Timeline Contract Areas Fields Overview Participating Companies Participation Fees Consortia Bidding 1st Licensing Round Fields Reserves (table) 1st Licensing Round Prequalification Process & Results 1st Licensing Round Fields Map

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…