Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Tag Archives | Oil Deals
Al-Luaiby’s remarks could increase pressure on Baghdad to revise contracts awarded to foreign companies. Ayad Allawi’s Iraqiya bloc, which won the most seats in the recent parliamentary election, said it would like to review oil contracts signed with the majors.
The oil dispute between Iraq and the autonomous northern region of Kurdistan has been resolved.
Kurdish and federal Iraqi officials have agreed on potential mechanisms for paying oil firms operating in the Kurdish north but the proposals must be approved by the Iraqi cabinet.
The licenses of the first and second rounds of the Oil contracts will not be affected by the governmental changes and there is no third licensing round in the future.
Awash with oil, Iraq is poised to ink several mega oil deals that will vault it into the top ranks of world oil producers, but the war-shattered country is back to grappling massive power shortages after a brief respite. Peak winter consumption of electricity due to heaters being run has resulted in what appears to […]