The Nassiriya Challenge

It’s unique, it’s challenging and it’s complex, but Iraq’s oil ministry seems determined to make the first upstream-downstream integrated project in Nassiriya a reality. What’s more, forget the $ per barrel fee that was the basis of all previous service contracts. On this one, investors will make a return on their investment from a percentage of the revenues Iraq will rake, pretty much like the “profit oil” concept in production-sharing…

Pipeline Lessons

Iraq has launched its latest oil export infrastructure expansion project; a new pipeline that would carry crude from southern Iraq across Jordan to the port of Aqaba on the Red Sea. When completed, the pipeline would carry crude from the southern oil fields in Basrah and Missan, as well as the Midland fields such as Nassiriya, Gharaf and Badra to be exported through a new terminal, primarily to markets in…