Should a national oil company play the role of a welfare state? In many countries around the region, national oil companies have done just that over the years
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It took the Iraqi oil ministry eight months to negotiate technical support contracts (TSCs) with major oil companies for five oil fields before they were cancelled at the last minute in June 2008
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The development of Iraq's oil reserves - the third largest in the world at 115 billion barrels - is of great importance to the world's energy supply. Photo AP
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Foreign oil companies that have signed contracts with Iraq's Kurdish region will be paid, and objections by the country's Oil Ministry are irrelevant, Kurdistan's natural resources minister said on Thursday
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All foreign energy companies bidding for contracts to develop Iraq's oil fields are on a "level playing field", Oil Minister Hussein al-Shahristani said on Friday.
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The Iraqi government on Tuesday rejected a parliamentary demand to delay the country's first postwar oil bidding round, which is due to be completed at the end of this month, a spokesman said
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A revolt in Iraq's state-run oil sector and rising domestic pressure on its oil minister have added more risk to deals for the super giant fields that big oil firms plan to vie for later this month
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The state-owned South Oil Co. of Iraq called on the Iraqi oil minister to abandon plans for the end of June to open the country to foreign investors.
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