Posts Tagged ‘oil’
Crude Oil Exports Data
Somo Lifters
Crude Exports 2009
Crude Exports 2010
Oil Chaos
2 March 2007
Iraq’s draft petroleum law, approved by the cabinet this week, claims to be fair, clear, transparent and efficient. It’s anything but. The bill, which has to be approved by parliament before coming into force, emerged after a series of compromises — and US pressure — aimed at overcoming Kurdish opposition to any form of centralized power. The result is to enhance the country’s division along ethnic lines and dilute central authority in favor of oil provinces given the autonomy and authority to create their own oil havens. And as most of Iraq remains off-limits to foreign companies, with no quick fixes for the civil strife wracking the country, the only beneficiaries are Kurds in the northern region of…
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Baghdad’s Oil Priorities
1 June 2007
Iraq has missed a May 31 deadline to approve the country’s first hydrocarbon law since regime change in 2003 — but in Iraqi terms, that’s no big deal. Every other deadline pushed by the US administration in the past four years for rebuilding the country’s institutions has also been missed. But for Iraq’s dilapidated oil sector, the delay is pushing back some initiatives that could provide a modest improvement to oil production and exports, notably the reactivation of old contracts signed by the former regime and the launch of a limited bid round. The delay is also holding up the northern Kurdish region’s first steps toward becoming a small, semiautonomous oil producer and exporter.
Iraqi oil officials say priority…
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Iraqi Parliament Sets Ball Rolling for Autonomous South Region
12 October 2006
The Iraqi parliament on Wednesday approved a controversial law which sets out the procedures for the country’s 18 provinces to hold referendums to merge themselves into larger federal regions with a measure of self government.
Although the powers of the autonomous regions would include signing their own oil deals with international oil companies, they would have to wait until 2008 when the new law goes into effect.
The law, backed by some Shiite majority leaders who have been keen to set up a big, autonomous region in their oil-rich south, was passed in a session boycotted by the Accordance Front, the largest political bloc of the Sunni minority. Legislators loyal to radical Shiite cleric Moqtada al-Sadr and the smaller Shiite…
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