Iraq: Al-Shahrastani and the issue of oil service contractsnote

Iraqi Oil Minister Hussein Al-Shahrastani is said to have intention of setting a last deadline for offers for oil service contracts and refraining from receiving any new offers after that deadline. The following 361-word report focuses on the issue and tells what makes Al-Shahrastani take this position and which date he may set as a deadline. It also tells how Finance Minister Bayan Jabr is approaching the issue. Note that ExxonMobil, Chevron, Total, BP, Royal Dutch Shell are concerned by Al-Shahrastani’s position.