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IRAQ

In-house fighting rocks country's financial lifeline INOC

Spurred on by the signing of a contract with TotalEnergies, the Iraq National Oil Company is destined to become the spearhead for partnerships with foreign firms but needs a firmer footing in Baghdad, something put to the test by a quarrelling board and a shaky legal framework. [...] (428 words)

Published on 03/11/2021 at 06:00 GMT Reading time 2 minutes

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International Dealmaking

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Adil Abdul-Mahdi
Basra Oil Company
Deyha Al Mosawa
Falah Al Amri
Ghaleb Muhammed
Ihsan Ismaïl
Iraq National Oil Company
Iraqi Drilling Company
Mustafa Al Kazemi
Rebwar Taha
Saddam Hussein
Schlumberger
State Oil Marketing Organization
TotalEnergies

TotalEnergies optimistic about its $27bn contract after the arrival of new prime minister Sudani

TotalEnergies, which is determined to proceed with its big contract in Iraq, can count on the support of the French presidency, which sent its Middle East adviser to Baghdad to meet new PM Mohammed Shia Al Sudani.

IRAQ UNITED STATES 05/09/2022

Baghdad hires Vinson&Elkins to defend oil interests in Washington

Texas-based Vinson & Elkins, an energy sector international arbitration specialist, is helping the Central Iraqi state get its position across to the State Department while awaiting a ruling in its oil arbitration case against Turkey.

IRAQ 20/04/2022

Talks on TotalEnergies' mega contract blocked in the final stages

The concluding details of the major deal were due to be settled at the start of the year. Instead, TotalEnergies finds itself in an impasse with the Iraqi authorities, as fresh obstacles to agreement accumulate.

IRAQ UNITED ARAB EMIRATES 08/04/2022

Masrour Barzani works his charm in UAE to save oil contracts

Masrour Barzani, head of the Kurdistan Regional Government, is openly spouting his outrage at Bagdad's new oil law, which will impede Kurdish production. He travels regularly to Abu Dhabi, a good place to maintain contact with his current and future investors.

Kurdistan Regional Government Prime Minister Masrour Barzani.

CHINA IRAQ 11/01/2022

Chen Xianzhong spearheads Chinese push into Baghdad

China has its eye on Iraq's energy assets but previous setbacks mean it is proceeding with caution. To make the right impression, Beijing is putting the focus on new school construction contracts that were facilitated by a Chinese businessman who has lived in Iraq for many years.

Spotlight

IRAQ 18/10/2021

Mustafa Al Kazemi's spymasters move to provide security for highly charged election

Since the summer, outgoing Iraqi Prime Minister Mustafa Al Kazemi had been putting together a team to oversee the smooth running of the 10 October elections, and he can now claim that they went well.

IRAQ TURKEY 06/10/2021

Turkish entrepreneurs restock in Erbil

Hit by the falling Turkish lira, Ankara is counting on exports to Iraq more than ever to keep its head above water. It has deployed its commercial diplomatic arsenal to Erbil along with a group of influential Turkish-Iraqi entrepreneurs.

Turkish trade minister Mehmet Mus (centre) was welcomed to Erbil on 26 September 2021, along with representatives of Turkish companies.

IRAN IRAQ 23/09/2021

PDK-I in Iranian Pasdaran intelligence crosshairs

The Iranian Kurdish party, exiled in Iraqi Kurdistan, is regularly targeted by attacks from across the border when the Pasdaran considers it to pose an 'imminent threat'. The latest incident took place on 12 September.

Spotlight

IRAQ LEBANON 24/08/2021

Baghdad and Beirut rush to select contractors for oil swap

Iraq and Lebanon are poised to select the company that will handle a crucial oil swap agreed to in July. Bids from five companies are being examined by the authorities in Baghdad.

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Adil Abdul-Mahdi
Basra Oil Company
Deyha Al Mosawa
Falah Al Amri
Ghaleb Muhammed
Ihsan Ismaïl
Iraq National Oil Company
Iraqi Drilling Company
Mustafa Al Kazemi
Rebwar Taha
Saddam Hussein
Schlumberger
State Oil Marketing Organization
TotalEnergies

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In-house fighting rocks country's financial lifeline INOC

This article is free

Create an account to read more

create a free account

SPECIAL OFFER

Set up email notifications for these topics

TotalEnergies optimistic about its $27bn contract after the arrival of new prime minister Sudani

Baghdad hires Vinson&Elkins to defend oil interests in Washington

Talks on TotalEnergies' mega contract blocked in the final stages

Masrour Barzani works his charm in UAE to save oil contracts

Chen Xianzhong spearheads Chinese push into Baghdad

Mustafa Al Kazemi's spymasters move to provide security for highly charged election

Turkish entrepreneurs restock in Erbil

PDK-I in Iranian Pasdaran intelligence crosshairs

Baghdad and Beirut rush to select contractors for oil swap

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