Hydrocarbon Law Revisited

The year 2011 might turn out to be the year of Iraq’s hydrocarbon law, as this much awaited legislation could finally find its way to parliament, after the new council of ministers signs off on it. This doesn’t mean that the new law will cruise through without controversy. If anything, the discussions at the CWC Iraq Petroleum conference in London last week revealed the two sides are still at odds…

Maritime Security

The Iraqi navy will have a daunting task of protecting Iraq’s export outlets in the Gulf and securing Iraq’s territorial waters and the tankers routes once the US military wraps up its mission and hands over security responsibilities to the Iraqi side by the end of December 2011. But that won’t be the end. Just as neighboring countries benefit from the presence and the might of the US navy in…

Dhiya Jaafar

South Oil Co (SOC) Director General Dhiya Jaafar gives an update on the state of Iraqi oil production, infrastructure expansion and ongoing projects and problems in an interview with Ruba Husari Nov. 1st, 2010, in his office in Basrah. Q: How do you explain the continued decline in production at Rumaila oil field where BP was the first to sign a development contract, precisely to arrest the decline and increase…

Gas Fields Auction

After two delayed dates and three model contracts issued, one of which was withdrawn, Iraq has finally awarded its three gas fields of Akkas, Mansuriah and Siba to small oil companies pushing for a foot in Iraq’s energy sector. Having pre-qualified 13 companies, including France’s Total, Italy’s ENI and Norway’s Statoil, only five companies finally made it to Baghdad on Oct. 20th to participate in Iraq’s 3rd bid round in…