14 October 2004 Iraq’s interim Council of Ministers is expected to review a proposal to recreate a state oil company by next month at the latest, ahead of announcing its reestablishment before the end of the year, Iraq’s interim Oil Minister Thamer al-Ghadban said Wednesday. The proposal — which calls for the establishment of the Iraq National Oil Co. (INOC) as a holding company, with the existing North Oil Co.,…
Tag: IDC
Newly Appointed Iraqi Oil Minister Outlines Priorities
1 June 2004 Iraq’s newly appointed interim oil minister, Thamer al-Ghadban, aims to restructure his ministry and the companies under its umbrella, and to launch a number of long delayed oil development projects, he told Energy Intelligence Briefing on Tuesday, in his first interview after being sworn in. Al-Ghadban was named as part of the new interim government that will take over most of the power from the coalition occupation…
Drilling Dilemma
Oil production in Iraqi oil fields in the south of the country is falling by an average of 7% per year. The problem: a high water cut that is forcing South Oil Co. (SOC) engineers to shut down wells one after the other. But as they lose the old wells in West Qurna, Rumaila, Zubair, Majnoon and Nahr Bin Umar, the drilling of new ones to replace them is not…