24 August 2007 When Iraq eventually opens again for upstream business, the new rule in town will be competitive bidding — as opposed to former one-on-one negotiations. In effect, this will throw the game open to all for giant fields previously negotiated by international firms, such as West Qurna, Majnoon and Nahr bin Umar. Alliances have already emerged between some companies — including Russian Lukoil and US ConocoPhillips, Chevron with…
Tag: Nasiriyah
Despite Crisis, Iraq Outlines Grand Oil Plan
21 February 2003 Unfazed by the prospect of an imminent war, Iraqi oil officials are forging ahead with a 10-year plan drawn up last year, which aims to bring on stream early oil production from discovered but not-yet-developed fields, as well as launch an ambitious oil and gas exploration program to boost proven reserves. The 10-year plan, which stretches through 2012, aims at almost doubling oil production capacity in the…
Iraq: Opposition Alternative
14 March 2003 A group of Iraqi exiles opposed to Saddam Hussein is gearing up to present itself as an alternative to opposition groups like the Iraqi National Congress that, having worked closely with Washington for years, are now regarded as US sell-outs by most Iraqis. The group, led by former foreign minister Adnan Pachachi, rejects a US military administration and is against any foreign interference in managing the oil…