Halfaya oil field in Missan province is set to become the second green field to add significant production, after Ahdab, since Iraq’s oil ministry started awarding service contracts to international oil companies. A ceremony to celebrate the first commercial production from Halfaya field at a rate of 70,000 barrels per day, is set for July, the director general of Missan Oil Co (MOC) Ali Muarij tells me. With this new…
Tag: oil export
KRG Contracts Conundrum
Iraqi Prime Minister Nouri al-Maliki announced earlier this month that the oil ministry approved the two production sharing contracts for the Tawke and Taqtaq fields, signed before the constitution was drafted, for a variety of reasons which to his mind justify the legalization by Baghdad. A day after Mr Maliki was interviewed, the Kurdish Prime Minister Barham Saleh was quoted as saying that “all contracts” signed by the KRG received…