8 August 2008 More than nine months after they were first launched, Iraq’s technical support contracts (TSC) — the first commercial agreements with Big Oil since nationalization in the 1970s — are in limbo. The official view from Baghdad is that the short-term deals are losing their relevance due to protracted negotiations and the possibility that they will overlap with the award of long-term service contracts under the recently launched…
Tag: contracts
Iraq: The Shiite View
25 July 2008 Iraqi Shiite Vice President Adel Abdul Mehdi does not disguise his and his party’s ambitions in establishing a semiautonomous region in southern Iraq, home to the country’s most abundant and biggest oil fields, in parallel to the Kurdistan region in northern Iraq, despite Sunni objections and warnings that the move would practically divide Iraq into three mini-states, with the southern region backed by influential Shiite neighbor Iran….
Al-Maliki: Iraq Ready To Step Up
18 July 2008 Feeling buoyant about beating back Al-Qaeda in Iraq and reining in Iraqi militias in southern Iraq and Baghdad, Iraqi Prime Minister Nouri al-Maliki is now taking the initiative on the economic and diplomatic fronts. He wants to spur the much-delayed reconstruction efforts, including those in the oil sector, by moving the decision-making process from bureaucratic ministries to a new council with powers to award contracts. He also…
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…