Month: July 2011

Mr. Jiyad raises interesting questions about the transformation of the signature Bonus into a debt instrument. It is indeed messy, and apparently, the situation is still evolving, with the reimbursable payment seemingly  being transformed into a (much) smaller outright grant. However, the fact that signature bonuses are higher in Angola than in Iraq may be due to any number of causes. Perhaps (as we do not know details of the…

One of the pending issues that was talked about and questioned, and may be considered as a challenge, is the future level of Iraq’s production capacity. Conflicting statements have been issued recently by a number of governmental sources. No doubt the country has committed   itself to a major expansion program and it’s cooperating with reputable international oil companies. It’s well understood that those contracts require timely planning, not just as…