Iraq Oil Law

As protests start against Iraq’s controversial oil law, Shell has criticized the fact that progress on the law “doesn’t go very fast”. The oil company says it hopes Iraq will pass the law some time this year and sees this and improved security as prerequisites for being able to work there. “You need basically two … Read More

More than 70 companies have registered to compete for oil extraction and service contracts to help develop Iraq’s oil reserves. The news comes just days before the International day of Solidarity against Iraq’s controversial Oil Law. Big oil firms such as Royal Dutch Shell and BP have been positioning for years to gain access and … Read More

For a year now, Hashmeya Hussein has risked her life to oppose the Iraq Oil Law. Hashmeya is an Iraqi, a mother, a labor union leader, and a vocal opponent of the US attempt to privatize Iraq’s oil fields. Hashmeya and her fellow union organizers risk their safety on a daily basis by publicly opposing … Read More

A new report says the Iraqi Government could earn an extra $19.2 billion of revenue this year as a result of higher crude oil prices and the revival of the country’s own oil industry. The prediction is suggested by figures set out in the latest quarterly report from Stuart Bowen, Special Inspector General for Iraq … Read More

Iraq has extended a deadline for international companies to register to bid for a role in developing some of the nation’s prized oil fields, until February 18, the Oil Ministry has confirmed. Early this month, the Ministry had asked companies to submit by all necessary registration documents to allow them to bid for the oil … Read More

Iraqi lawmakers across the political spectrum have criticized “overreaching” by Kurds, issuing a declaration yesterday opposing the self-ruled region’s foreign oil deals. “There must be a formula for maintaining the unity of Iraq and the distribution of its wealth,” said secular lawmaker Osama al-Nijifi, reading from the declaration at a news conference. “Oil and gas … Read More

The wrangling over Iraq’s oil reserves continues, with no sign of the controversial Iraqi Oil Law being passed. The Kurdish regional government’s oil deals with foreign companies drew sharp criticism yesterday in the Iraqi parliament, with some lawmakers saying the contracts set a dangerous precedent for the future of Iraq’s vast oil industry.