ConocoPhilips today became the first lifter to load Iraqi crude from the newly opened SPM (single point mooring) in the Mideast Gulf. The new loading facility is now officially open, offering up to 500,000 b/d of export capacity on top of the 1.8 million b/d available at Basrah Oil Terminal and Khor al-Amaya Terminal. That’s more than enough to absorb the idle production capacity currently available in southern Iraq. The…
Tag: oil ministry
BR 4: The New Incentives
Companies prequalified to bid for one of 12 blocks in Iraq’s upcoming fourth licensing round have since last week been poring over the adjusted terms introduced by Iraq’s oil ministry to the second version of the draft “exploration, development and production service contract” or EDPSC. The new terms offer incentives to companies based on comments and observations they provided to the petroleum contracting and licensing department. It took longer than…
Abdul Karim Luaybi
Iraqi Oil Minister Abdul Karim Luaybi gives the latest on the draft Oil & Gas Law (OGL) and the state of the dispute with Exxon Mobil over its signed contract with the Kurdistan Regional Government (KRG) in an interview with Iraq Oil Forum editor Ruba Husari in Baghdad. (للنص العربي اضغط هنا) Q: You were expected to meet with the KRG’s Minister of Natural Resources Ashti Hawrami to agree a…
Iraqi Oil Policy & Constitutional Issues
Joseph Bell & Cheryl Saunders – Iraqi Oil Policy & Constitution Issues Regarding Federal and Regional Authority