2 May 2008 Royal Dutch Shell has never been shy when considering Iraq’s huge potential. Even when the country was under UN sanctions, company officials quietly traveled to and from Baghdad, fostering relations with oil ministry officials. Since the US-led invasion of 2003, it has pursued opportunities more aggressively, with a three-pronged strategy targeting the upstream in the north and south, and the gas sector. Now, Shell is seeking to…
Category: 2008
A historical
Iraq: New Models
14 March 2008 After struggling for five years to restore crude oil production to prewar levels, Baghdad is taking a pragmatic look at ways to involve international oil companies in developing its resources, sidestepping an internal debate over whether production sharing agreements (PSA) — the model preferred by Big Oil — are suited to Iraq. While discussions are ongoing with international oil companies, and between the Iraqi oil ministry and…
Iraq Starts Countdown for Contract Awards
14 October 2008 Iraq’s oil ministry on Monday launched a competition among 35 international oil companies for six of Iraq’s most prized oil fields and two undeveloped gas fields under 20-year service contracts, which Iraqi Oil Minister Hussein al-Shahristani said he expects to be “finalized and presented to the Iraqi cabinet for ratification before the end of June.” Prequalified companies for Iraq’s first bid round, including all the majors as…