Posts Tagged ‘oil-for-food’
25 April 2008
India’s state Oil and Natural Gas Corp. (ONGC) and Indonesia’s Pertamina recently opened talks with Iraq’s oil ministry about renegotiating exploration contracts signed with the Baath regime before the war in 2003, Iraqi officials told International Oil Daily Thursday.
The two companies met with Iraqi ministry officials in Amman last week to adapt the deals to the new model contracts — called Service Exploration and Production Contracts (SEPC) — the ministry is introducing for exploration deals. Financial terms will also have to be renegotiated to take into …
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 first six to seven years, from a current official level of 3.2 million barrels per day to 6 million b/d, …
16 July 2001
Using its oil as both weapon and bribe, Iraq — thanks to Russia and some of its Arab neighbors — has thwarted US attempts to revamp the 11-year-old UN sanctions regime, and end Baghdad’s control over oil smuggling. For Washington, which launched the initiative in February as a cornerstone of its Mideast foreign policy, it’s back to the drawing board.
A Russian “nyet” to the Anglo-American ideas on smart sanctions left the Security Council simply deciding to roll over the oil-for-food program for five months, without reference …