Hussain al Shahristani

4 Stories

Big Oil Drooling Over Iraq Contracts

Firms booted out in '72 eye nation's vast untapped reserves

(Newser) - Iraq is preparing to welcome back the foreign oil companies it ejected over 30 years ago, and the firms are giddy with anticipation, the Wall Street Journal reports. Contracts to revive production at neglected oil fields go up for auction next week, and competition is expected to be fierce. Oil...

Iraq Dumps Western Oil Deals

Plans scrubbed as talks drag on too long

(Newser) - Iraq has scrubbed plans to award six coveted no-bid contracts to Western oil companies, the New York Times reports. Negotiations with the oil giants—including Exxon Mobil, Chevron, Shell, BP and others—dragged on for too long, said Iraq's foreign minister. The companies would have been unable to complete work...

Political Turf War Threatens Stability at Iraqi Oil Giant

Government wants to oust director of South Oil, but he's resisting

(Newser) - The central government in Iraq is trying reassert its control over a huge state-owned oil company by forcing out its maverick—but highly effective—chief, the Wall Street Journal reports. He's refusing to go, however, and the resulting turf war could have huge implications not only for Iraq but the...

Agreement on Key Iraq Oil Law Hits the Skids

Sectarian schism again undermines top political objective

(Newser) - Agreements forged in February over a law regulating the distribution of revenue from Iraq's oil fields are dissolving, the New York Times reports. Hussain al-Shahristani, oil minister for the Shiite-controlled federal government, held meetings yesterday to try to save the compromise, but the northern Kurdish areas have already made deals...

4 Stories
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