Iraq’s Oil Ministry has approved 35 companies it will allow to bid for soon-to-be announced tenders to develop oil and gas fields.
The largest oil companies in the world — ExxonMobil, Shell, BP, Conoco Phillips, Chevron — all qualified, as did firms of a variety of sizes and nationalities.
The announcement yesterday is a major move that […]

Quietly working behind the scenes, negotiators are hammering out a new draft Iraq oil law after previous versions of the controversial legislation stalled.
“Shortly, we’ll see a new draft which there is more common ground,” Abdul-Hadi al-Hasani, deputy chair of the Iraqi Parliament’s Oil, Gas and Natural Resources Committee, has told wire reports.

It seems the Iraqi and American governments are not waiting to pass the controversial oil law to develop Iraq’s oil as things are moving a pace in the oil sector.
Last week, General David Petraeus called on “large Western corporations” to invest in Iraq’s energy sector as Iraq looks outside to boost oil, gas and power […]

Iraq’s cabinet has given the green light to the Oil Ministry to sign agreements with international oil companies to help increase the nation’s crude output.
The two-year deals, known as technical support agreements, or TSAs, are designed to develop five producing fields to add 500,000 barrels per day to the country’s current 2.4 million barrels per […]

On February 23, dozens of solidarity actions were held across the US and UK to support the Iraqi people in their resistance of an oil law that would give unprecedented control to foreign oil companies. In Washington, Oil Change International —in coalition with other US labor and peace organizations— hosted a press conference and […]