The Iraqi Upstream Oil and Gas Industry Following the 2010 General Elections
Article from: OGEL 4 (2010), in Upstream Petroleum Regulation incl. Host Government Contracts
Introduction
The past two years have met with unprecedented activity in the upstream oil and gas industry in Iraq. 2009 saw a generally successful first and second bid round take place, in which the majority of the ultimate producing fields were awarded to international oil companies with the Government of Iraq maintaining significant control and remuneration. 2010 also saw free and fair elections take place in Iraq, with the oil industry as a key issue. A third bid round, focusing solely on national gas. With this needed political and electoral security, the upstream industry may now be ...