12 September 2006 Iraq is embarking on new projects to add refining capacity and build new pipelines, in a bid to meet domestic fuel needs, insure stable exports from northern oil fields, and raise overall export capacity to 3 million barrels per day within the next five years, according to Iraqi Oil Minister Hussein al-Shahristani. Baghdad has revived refinery upgrade plans that were tendered in several packages over the past…
Tag: hydrocarbon law
Iraq Takes Heavy Toll on Oil Workers
6 November 2006 Three-and-a-half years after the toppling of Saddam Hussein’s regime in Iraq, some companies that had high hopes of business opportunities are shutting up shop after suffering heavy losses. US engineering giant Bechtel, which carried out $2.3 billion of work for the US in Iraq since April 2003, said last week that it was leaving the war-torn country after a spate of violence that killed 52 workers. Bechtel…
Buying Time
29 September 2006 It will be 2008, at the earliest, before Iraq’s southern provinces unite to form the giant oil-rich federal region that some Iraqi groups are calling for. That’s the deal reached this week by Shiite and Sunni lawmakers which, for now at least, averts further ethnic and religious strife over a Shiite-backed law outlining the mechanisms whereby Iraq’s provinces can form autonomous regions. But the arrangement, brokered by…