Middle East Economic Survey


No 15


Baghdad Opens To Prospect Of Oil Contract Renegotiation

Iraq is considering renegotiating terms for the giant foreign operated upstream projects that are spearheading the countrys planned crude production capacity drive to over 12mn b/d in just seven years, Husain al-Shahristani, the countrys Deputy Prime Minster for Energy Affairs, told reporters in Paris on 7 April. Rafiq Latta reports.

The sheer scale of Iraqs planned capacity surge...