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Article: Majors deny demanding share of oil: much-needed service agreements are delayed as Baghdad claims oil firms refused work based on fees.(ENERGY: IRAQ)(International oil companies)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- July 4, 2008
- Author:
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International oil companies (IOCs) have denied claims by the Iraqi government that negotiations for much-needed technical support agreements broke down because of their demands for a share of the oil produced.
Baghdad had been expected to announce the outcome of a series of technical service agreements with oil majors on 30 June. However, the announcements have been indefinitely delayed.
The confusion over the talks comes at a delicate time for the Iraqi oil sector. Baghdad has just begun to open up its oil industry to much-needed International assistance for the first time in decades.
Delaying tire announcements, Oil Minister Hussein ...