Middle East Economic Survey

VOL. LII

No 16

20-Apr-2009

IRAQ

IOCs Gearing Up For Iraq Upstream Bidding

International oil companies (IOCs) are positioning themselves to win projects in Iraq that involve up to 100bn barrels of proven oil reserves and some 80 trillion cu ft (tcf) of proven gas reserves. The pre-qualified companies are investigating the merits and pitfalls of the various projects on offer, negotiating consortia, undertaking due diligence and building relationships with potential...