Middle East Economic Survey

VOL. LI

No 27

7-July-2008

IRAQ

Iraqs Upstream Fast-Track Strategy Derailed

Baghdad has missed its end-June deadline for the award of six Technical Support Agreements (TSAs) intended to boost crude production capacity by 100,000 b/d each. Nevertheless, the oil ministry and majors negotiating for what would be the first opening to foreign investment in Iraqs coveted upstream sector hope to sign shortly. I hope it [a deal] is within weeks and not months, Shell Chief...