14 June 2005 Iraq’s Oil Minister Ibrahim Bahr al-Uloum has set up three new committees for marketing, contracts and downstream in a bid to fight corruption, as promised when he took over in May, Iraqi sources said. However, the sources warned that the new formula of running the oil ministry’s affairs by committees could paralyze the workings of the different departments by adding a new layer of bureaucracy. Just a…
Tag: Somo
Iraqi Officials Replaced In Political Move
1 July 2005 Two of Iraq’s top oil officials have been replaced by the country’s new oil minister, in a move widely regarded as politically motivated. The changes represent the second major shake up of the oil ministry since Ibrahim Bahr al-Uloum was appointed as minister in May, Baghdad sources told International Oil Daily Thursday. Nabil Lamuza, director general of planning and studies, was replaced by an outsider, Fayad Hassan…
Iraqi Plan for Radical Oil Reform Runs Into Controversy
30 September 2004 Iraq’s interim Prime Minister Iyad Allawi has taken the unusual step of suggesting that the Iraqi government disengage from running the oil sector, including management of the planned Iraq National Oil Co. (INOC), and that INOC be partly privatized in the future. Although a formal oil policy is desperately needed in Iraq, the proposals have provoked controversy, given their submission ahead of elections scheduled for January, which…
Iraq Sets Year-End Goal for INOC Rebirth
14 October 2004 Iraq’s interim Council of Ministers is expected to review a proposal to recreate a state oil company by next month at the latest, ahead of announcing its reestablishment before the end of the year, Iraq’s interim Oil Minister Thamer al-Ghadban said Wednesday. The proposal — which calls for the establishment of the Iraq National Oil Co. (INOC) as a holding company, with the existing North Oil Co.,…