Shell Bemoans Slow Pace of Iraqi Oil Law

February 22, 2008By Andy RowellBlog Post 1 Comment

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

Why Iraq Should Remember Saro-Wiwa

February 20, 2008By Andy RowellBlog Post 1 Comment

Just over twelve years ago, the Ogoni activist and writer Ken Saro-Wiwa was murdered by the military junta in Nigeria for campaigning against the ecological destruction of his homeland and for asking for a greater share of the oil wealth. Twelve years after his death, the Niger Delta remains in deep trouble. As Reuters reported … Read More

Over 70 Companies Compete for Iraq Contracts

February 19, 2008By Andy RowellBlog Post

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

Iraq: Government to Reap $19b in Oil Revenue

January 31, 2008By Andy RowellBlog Post

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

U.S. Trying to “Bribe” Iraqi MPs Over Oil Law

January 30, 2008By Andy RowellBlog Post

A fascinating story tucked away in the Gulf press. An anonymous Iraqi MP claims that some U.S. companies have offered a $5 million bribe to each Iraqi MP for passing Iraq’s controversial oil and gas law which has been stalled in the parliament for more than a year.

Iraq Extends Oil Registration

January 23, 2008By Andy RowellBlog Post

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

Iraqis Criticize Kurds Over Oil Deals

January 14, 2008By Andy RowellBlog Post

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

Iraq Oil Wrangles Continue…

November 30, 2007By Andy RowellBlog Post

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.

Inquiry Urged on Hunt Oil Contract in Iraq

October 16, 2007By Andy RowellBlog Post

The Democrats have moved toward investigating Hunt Oil’s oil exploration contract in Iraq, saying the company’s ties to President Bush raised questions about whether it had insider information that helped it reach the deal. U.S. Rep. Henry Waxman, chairman of the House Oversight and Government Reform Committee, and U.S. Rep. Dennis Kucinich, D-Ohio, asked Hunt … Read More