As Iraq’s third bid round for gas field development drags on, mired by successive delays, with no viable commercial structure in the draft model contract and confusion over the utilization of gas to be produced, Iraq’s next government is better off focusing on increasing Iraq’s gas reserves by launching an exploration drive to find new gas resources and develop them. Iraq has 65 defined exploration blocks on its maps, the…
Tag: gas
Electricity Woes
Baghdad – Iraqi Prime Minister Nouri al-Maliki, while standing by his resigning minister of electricity Karim Wahid, blamed the latter for raising people’s expectations and promising quick solutions to the electricity problems. The truth is, he said, the situation will not improve until the projects to build new power plants and install turbines contracted from GE and Siemens are done within two years. But would they? Maliki is committing the…
Thamir Al-Ghadhban
Thamir al-Ghadhban, former Iraqi Minister of Oil and Chairman of the Advisory Commission at the Prime Minister’s office, gives his take on the latest developments in Iraq’s oil sector and analyses future trends in an interview in Baghdad with Ruba Husari. Q: How do you expect a new government following the March 7 legislative elections to deal with the signed contracts? Is there a risk that the legality of those…