Iraqi Oil Sector Set For Major Change
By Rafiq Latta
Some three years after Baghdad launched its upstream oil investment bonanza, the first changes in project ownership are being negotiated – farm-ins on at least four projects are under discussion, MEES learns. And at the same time the oil ministry is wrestling to come up with an appropriate structure for renegotiating some 12mn b/d of contracted production plateau targets.
All this comes as...