BAGHDAD — Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer. China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger share, bidding for a stake now owned by Exxon Mobil in one of Iraq’s largest oil fields. “The Chinese are the
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*) Oil counsltant and former DG of South Oil Co. in Iraq Please dowonload the document as PDF file
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Download Introduction The Iraqi Hydrocarbon File has always been linked with the independence and stability of Iraq. Management of the oil sector due to its speciality and diversity requires effective management, security and strong central government. Unfortunately several factors played destructive parts in all life aspects during the time of Saddam’s rule and since the chang
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Download 1.0 Background In May 2006, following the initiation of Dr Maliki’s cabinet of national unity and the appointment of Dr Hussain Shehristani to the portfolio of the Ministry of Oil (MoO), I was approached with the task of drafting the Iraq petroleum law. Two associates Iraqi oil technocrats and I, who have then had a combined international oil industry expe
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Abstract Oil price volatility has always created pressure upon both developed and emerging economies. High oil prices have been blamed for economic downturns in the global economy. Oil producers have suffered widely fluctuating incomes. Price volatility has worsened since 2000 for a variety of factors such as geopolitics, speculation, terrorism, natural disasters, revolutions,
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