Middle East Economic Survey

VOL. LII

No 18

04-May-2009

IRAQ

Iraq Contract Revisions Clear Obstacles To Oil Expansion

By Rafiq Latta in London

Iraqs Ministry of Oil has made a number of key clarifications and changes in a final contract model for its first upstream licensing round that have gone a long way towards assuaging concerns from prospective bidders in what is the most eagerly anticipated oil investment opportunity in decades. In return Baghdad is seeking soft loans amounting to $2.6bn to...