29 August 2008 China this week became the first country since the overthrow of Saddam Hussein to clinch an oil deal with Iraq, by reviving the first of a series of contracts signed by the previous Iraqi regime under new terms dictated by new realities. The service contract for development of the Al-Ahdab field, which includes a mix of old production sharing elements and new service contract terms, sets a…
Tag: Balad
Firms Line Up to Give Iraq Free Services
14 April 2005 The pending appointment of a new government in Iraq — the third since September 2003 — appears unlikely to open the doors to large investments by international oil companies, although the drawing up of a constitution later this year may take them one step closer. But that’s not deterring firms from getting a foot in the door, with some 29 companies signing memorandums of understanding (MOU) with…