French oil giant Total said Tuesday it has been charged with corruption and influence-peddling relating to the United Nations' Iraqi oil-for-food programme of the 1990s.
Total Charged with Graft in Iraqi Oil-for-food Programme
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Oil-for-food Probe into Total Revived
French judicial investigators have revived their eight-year inquiry into corruption linked to the United Nations oil-for-food programme in Iraq by placing Total under formal investigation for bribery in the affair.
BP Partners Net Iraq Oilfield Contracts Worth $500m
Three contractor groups were selected for drilling wells, worth a total of around $500 million and 2 two-year contracts, worth a total of around $100 million, have been awarded for the supply and installation of electrical submersible pumps and associated services.
Former Minister Urges New Iraqi Government to Review Oil Contracts
'I think signing this many contracts, in so short a time, at the end of the government's term, leaves any future government stuck with long-term contracts that last for 25 years,' a former Iraqi oil minister said. 'There is a need to review these contracts.'
Future of Iraq's Oil Deals Uncertain
In Iraq’s fevered political climate, no deal makes everyone happy, and the oil contracts could easily become a casualty as Iyad Allawi, the declared winner in last month’s election, begins the messy process of stitching together a governing coalition.
Iraq to increase oil export
"The Oil ministry plans to increase the oil production in April to about 59 million barrels in order to increase the revenues to 267 million dollars." The representative of the oil ministry Abdul Karim Al Luaibi told The Independent National News Agency.
Opec may face Iraq oil challenge sooner than expected
The storm brewing on the Organization of Petroleum Exporting Countries (Opec's) horizon over future Iraqi oil output could engulf the producer group sooner than it would like.
Tags: OPEC
Iraq and Turkey enhance energy links
Negotiations for renewing the Kirkuk-Ceyhan pipeline agreement, which expires at the end of March, began in 2009 and were sealed this month by Iraqi Deputy Oil Minister Ahamd al-Shamma and Turkish Energy Minister Taner Yildiz.
Iraq awards $500m Rumaila well deals
Chinese firm Daqing and a joint venture between Schlumberger and the state-owned Iraq Drilling Co are each being awarded contracts to drill 21 new wells, while Weatherford International was awarded seven new wells.
Iraq oil output goals unlikely to be met: Report
Iraq's ambitious plans to boost crude oil production is not likely to be met, IHS Cambridge Energy Research Associates said in a report on Wednesday. These "highly ambitious plans ... are unlikely to be fully realized given political, security, operational and infrastructure challenges".
Opec Output Falls Iraqi Oil Production Slumps
The Organisation of Petroleum Exporting Countries (Opec) in March saw output fall for the first time in a year as a large drop in Iraqi production outweighed a small increase by quota-bound members, a survey by Dow Jones Newswires showed yesterday. The survey, which is based on input from oil traders, analysts and industry sources, […]
Tags: Oil & Gas
Debts and Doubts Delay Kirkuk-Cehyan Oil Pipeline Renewal
The delay in the renewal of the agreement for the operation of the Kirkuk-Ceyhan oil pipeline has served a timely reminder of the many obstacles that still have to be overcome to fulfill its potential, both as an export route for Iraq and as a source of transit revenue for Turkey.