VOL. XLIII

No. 27

3-July-2000

IRAQ

Iraq Decides Not To Sign Any More Upstream Agreements Unless Companies Are Ready To Start Implementation Immediately

Iraq has decided not to sign any more upstream agreements like the two signed in 1997 with Russian and Chinese consortiums unless the international oil companies (IOCs) concerned are ready to start implementation on the ground immediately i.e. before UN sanctions are lifted, MEES learns. The policy reflects Iraqs frustration with the lack of...