Download the whole document as PDF file I. Introduction The initiation of two ‘licensing rounds’ in Iraq has involved the invitation of pre-qualified oil companies to bid for set-terms in service contracts, to rehabilitate and develop oil and gas fields in the north and south of the country. The first round comprises the currently producing fields, while the se
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Download Tariq Shafiq is one of the founding fathers, former director, vice chairman and executive director of Iraq National Oil Company (INOC) founded in 1964. He was also a veteran of its predecessor, Iraq Petroleum Company (IPC) where he served in various technical capacities since 1954, including as head of petroleum engineering. In this candid interview with IOF e
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Not since Jahangir Amuzeger’s study Managing the Oil Wealth: OPEC Windfalls and Pitfalls (2001) has there been an authoritative study of OPEC. This time Dr. Chalabi’s study is from inside the organisation and for the first time we get an opportunity to see the truth about the workings of OPEC as he sets about chronicling its history. From its beginning in 1960, when Standard oi
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ABSTRACT This paper will attempt discussing and contributing to the ongoing debate on the recent oil production policy, advocated or pursued by the Iraqi Government and some oil experts in the post Saddam era, i.e., in the aftermath of the American and Allied Invasion of the country in 2003. Some historical background on the position and role of the oil wealth and O
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At last Exxon Mobil corporation have made up their mind and opted to sell their 60% share in West Qurna 1 (WQ1) oil field in Basra, rather than cancelling their recent exploration/production contract in Kurdistan. The Company has already informed the Iraqi Government of their wish to do so, and Iraq has responded by accepting it, provided that the stake is sold to a company a
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