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Friday, December 22, 2023

Iraq-Oil Contracts: PM Al-Sudani plans and preferencesnote

The Iraqi Oil Minister Hayyan Abdul-Ghani is receiving strong support from Iraqi Prime Minister Mohammad Shia Al-Sudani regarding his ministry’s policy aimed at developing oil and gas fields.

The sixth oil and gas licensing round’s deadline is in January 2024, and several companies have shown interest in the Iraqi oil and gas sector and presented their offers.

The following note provides an overview of key aspects, including:

- PM Al-Sudani and Abdul-Ghani views on new oil contract laws

- How the Ministry of Oil selects the appropriate IOC offer

- Reaction to criticism from several Iraqi factions

- The reason behind several companies’ success in Iraq

- The IOCs that are currently in talks with the Oil Ministry 


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