VOL. XLI

No. 49

7-December-1998

IRAQ

Iraqi Upstream Projects Hang Fire As Political Crisis Drags On

While numerous international oil firms have held talks with Iraqi oilauthorities since mid-1991 (MEES, 12 October 1998 & 31 March 1997), and despitethe fact that two development and operation agreements were signed last year and severalare almost finalized, the status of Iraq's upstream projects remains uncertain. Verylittle has been accomplished on the ground because of the UN sanctions that...