By Simon Kent. The director of licensing at Iraq's Ministry of Oil, Abdul Mahdy Al-Ameedi, has written a letter to IOCs asking them for conservative spending plans for 2016 in light of the ongoing oil price rout. The low oil prices seen since last year have limited Iraq's ability to pay companies to meet production […]
Tag Archives | Contracts
Tags: Contracts, featured, international oil companies (IOCs), Iraq, Iraq Oil Exports News, Iraq Oil Production News, Ministry of Oil, Oil and Gas, Oil Prices In Iraq
Doing Business in Iraq: Tread Carefully
By Raid Abu-Manneh. This article first appeared in Building, and is published by Iraq Business News with the kind permission of the author. A decade after the invasion of Iraq there are opportunities for UK firms in the country’s infrastructure sector. But they must be aware of the legal framework they will be working in. […]
More Auditors Needed in Iraq
By Editor on 18th September 2010 in Construction & Engineering In Iraq, Employment, Iraq Industry & Trade News, Iraq Public Works News, Security
Patrick Fitzgerald, director of the US Defense Contract Audit Agency, told the Commission on Wartime Contracting that his agency lacks the resources to track all the money being spent in Iraq. The Pentagon’s top auditor said on Thursday that there may not be enough auditors to oversee all of the billions of dollars being spent. […]
Electricity Projects in Basra to be awarded to Foreign Firms Only
“Specialized companies will only be allowed to execute such projects,” a source from the council told Aswat al-Iraq news agency on Monday.
Tags: Contracts, electrical power
BP Partners Net Contracts Worth $500m
BP has announced the first major contracts involving its partners on the rehabilitation of the Rumaila field in Southern Iraq. Three contractor groups were selected for drilling wells, worth a total of around $500 million, and will provide seven additional drilling rigs from the second half of 2010. The contracts will be awarded to: - […]