Posts Tagged ‘SPC’
27 March 2007
The Iraqi government decided to renegotiate an old production sharing contract which had been signed by China National Petroleum Corp. (CNPC) to develop the 90,000 barrel per day Al-Ahdab oil field with the former Iraqi regime “for political and legal reasons” rather than retender, a senior Iraqi government official told International Oil Daily late last week.
CNPC officials traveled to Baghdad earlier this month for a first meeting with the Iraqi oil ministry on the fate of the production sharing agreement it signed in 1997 following the …
24 February 2003
Having missed the boat on sales of natural gas by pipeline to Turkey, despite signing a memorandum of understanding in 1996, Iraqi officials are now drawing up plans to enter the broader international gas market.
These include proposals to join a regional gas pipeline network, as well as construction of a liquefied natural gas (LNG) terminal in southern Iraq.
Boosting Iraq’s natural gas reserves and export capabilities is one of the top priorities in a newly launched 10-year plan drawn up by the Oil Ministry.
“There is …
28 February 2003
In talking about possible war against Iraq, Bush administration officials insist that their main objective is not to get their hands on the country’s massive oil reserves. But post-war, fierce competition is almost bound to erupt between US oil firms that have been kept off-limits by the Iraqis, and those — including Russian, Asian, and European companies — that either have firm contracts with the current regime or have negotiated but not signed deals.
Right now, six companies hold exploration or development contracts. Indian state Oil and …