By Ahmed Mousa Jiyad. Since mid-2009 Iraq has been pursuing aggressive strategy to develop the country’s petroleum sector, especially the upstream and midstream subsectors. Such development efforts would, if realized, bring outstanding results for Iraq and the world petroleum market. However, there are huge uncertainties and formidable challenges in the path of such unprecedented expansion. […]
By Ahmed Mousa Jiyad. The basic “model” of the Long Term Service Contract formulated and developed by the Iraqi Ministry of Oil is a distinct and unique among the known regimes governing upstream petroleum. Though the structure of all versions of the basic model are all the same and do have many almost identical “common […]
Our Expert Blogger Ahmed Mousa Jiyad talks to Robert Tollast about Iraq’s energy revolution. RT: The involvement of major US IOC’s such as Exxon and Chevron in Iraqi Kurdistan has sparked a war of words between Baghdad and Erbil. Possibly concerned about a breakdown in relations between the KRG and Baghdad, the US State Department […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi Ministry of Oil confirmed in late July that Russia’s Bashneft had accepted the ministry’s maximum acceptable remuneration fee (MARF) for exploration Block 12, which was offered in the fourth bid […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. After many postponements, Iraq’s fourth bid round took place on 30-31 May 2012. Twelve exploration blocks were offered, but only three were awarded. With two-thirds of the offered blocks receiving no bid, […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The prospects of energy and development in Iraq could witness and face serious changing circumstances, thus different policy options have to be in place to face different situations and possible scenarios. The […]
Reuters reported today (8 May 2012) that it has seen ministry of oil documents indicating that Royal Dutch Shell is ready to cut the production plateau target of the Majnoon oilfield to 1 million bpd from 1.8 million bpd. In my humble view, if this is true, it should be a welcoming development. As many, […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The upstream petroleum sector in Iraq has been on a significant development drive, in time and magnitude, since mid-2009, and such development efforts would, if realized, bring outstanding results for Iraq and […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The news of ExxonMobil’s venture by signing 6-blocks PSCs with KRG could have very serious ramifications as the move is rather puzzling, it occurred and became known at critical time, and consequently […]
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The international Journal of Contemporary Iraqi Studies-IJCIS has just released it is special issue on “Oil in Iraq”. Many prominent Iraqi and non-Iraqi scholars have contributed articles to this timely and important […]
On Sunday 28th August the Council of Ministers approved the draft oil and gas law prepared by the Ministry of Oil, considering it the only text that represent the council's view, and treating all other previous versions as invalid. Also the council decided to send the proposed draft to the parliament and request to table […]
