“In this scenario, the role of Iraqi supplies may be more of a brake on rising prices than a catalyst to a lower price path,” the report explained. “In any case, the Iraqi auction clearly opens the door for a careful review of the conventional wisdom on the outlook for oil prices over the next […]
Hundreds of oil workers employed at the South Refineries Company demonstrated on Thursday in Basra demanding to dissolve the firm’s board of directors and to release their share of revenues.
Iraq’s oil sector is changing, and so could the identity of the man in charge. Asked if he hoped to keep his post as the minister of oil in the next Iraqi government, Dr Hussain al Shahristani said he would be happy to step aside. “I wouldn’t try to stay unless I was forced to […]
Al-Maliky would take the majoity of the 21 seats allocated for Basra, the case that would influence the processing of the reconstructiona and development chances for Basra during the next four years.
This year, an innovative component will be a Catalog Show. Firms with little or no previous exposure in Iraq will have a low-cost, low-risk opportunity to gauge and build interest in your products and we are interested in having lots of participation—particularly from American companies.
Dialogue between the Chair of the Supreme Islamic Council- Seid Al-Hakeem- and Mr. Ausama Al-Tekreety (the Chair of the Islamic Party), about the political allocations post the elections.
What I see as a good sign emerging from the latest elections is the fact that Iraqis are seriously thinking of national interests. This is what counts regardless of who wins.
The current infrastructure and the services sectors are unable to respond to the immediate requirements of lifting production to circa 12 million barrels of oil a day and the systematic dismantling of the private sector leaves no prospect of increasing capacity quickly.
Basra will get huge funds from oil revenues and will rely on major industrial countries to develop its infrastructure.
L-3 Communications has received two contracts for work in Iraq, worth a total of $255.7 million.
Ayman Asfari, the chief executive officer whose oil and gas engineering skills guided a fourfold increase in the value of Petrofac Plc within five years, is now preparing to tap Iraq’s energy boom.
'You could be looking at 1.5 million barrels in two years,' said a senior executive at one of the oil firms involved in Iraq. 'That could make a huge difference to the supply and demand balance. Is there going to be that kind of demand pick up in that timeframe?'
