Budget 2011: Who Gets What

The Iraqi 2011 federal budget voted by parliament today includes two items that are related to payments to oil companies. It stipulates a payment of $1.75 billion as participation in the production cost of oil exported including under contracts of international oil companies signed with the Kurdistan region. The second item is an allocation of $2.73 billion for investment projects of international oil companies. The budget assumes the export of…

Adnan Al-Janabi

The chairman of the oil and energy committee in the Iraqi parliament, Adnan al-Janabi, spells out his plans to speed up the legislation of the pending oil sector laws and the role of his committee in resolving the conflict between the KRG and the federal government, in an interview with Ruba Husari in his office in Baghdad Feb.19. Q: What role do you see for the oil and energy committee…

Maritime Security

The Iraqi navy will have a daunting task of protecting Iraq’s export outlets in the Gulf and securing Iraq’s territorial waters and the tankers routes once the US military wraps up its mission and hands over security responsibilities to the Iraqi side by the end of December 2011. But that won’t be the end. Just as neighboring countries benefit from the presence and the might of the US navy in…