Posts Tagged ‘MOC’
Thamir Al-Ghadban: Iraq Upstream Oil Industry, The Next Legislative Challenge
Speech to Iraq Future Energy conference – Istanbul Sept. 27, 2010
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 contracts might be challenged by a future government if it’s not led by the same party that legalized them?
After initially announcing three weeks ago that he was setting up Thi Qar Oil Co. in the Nassiriya province, Iraqi Oil Minister Hussein al-Shahristani seems to have got better advice since, and is now set on creating the Midland Oil Co. to be in charge of the central oil and gas fields. Thi Qar division within SOC will remain in charge of the fields in the province, mainly Nassiriya and Garraf. The new decision makes more sense than the previous one especially as North Oil Co. (NOC) and South Oil …