The secret renegotiation of BP’s Iraqi oil contracts
Blog post -
Jul 30, 2011
During the second half of 2009, Iraq held two auctions of its largest oilfields, awarding them to multinational companies such as BP, Shell and ExxonMobil to operate under 20-year contracts. Between them the oilfields account for over 60% of Iraq’s reserves. The contracts were service contracts rather than the companies’ preferred production sharing agreements, which...
Iraq: New contracts will undermine Iraqi independence
Blog post -
Nov 12, 2009
The mega-oil deals signed and pledged in Iraq in last week have been major news, marking another step by the oil majors back into a country that liberated itself from the “robbery and exhaustion practiced by the monopolistic oil companies” in 1972. But the full consequences of the agreements have been hard to untangle. BP and Chinese...
Iraqi Opposition to BP’s Rumaila Contract
Blog post -
Jul 19, 2009
Iraqi oil workers have come out in strong opposition to BP’s new contract for the super-giant Rumaila oil field, saying they will not allow foreign oil companies Signed in early July as part of the first bidding round for Iraq’s oil, the 20-year contract gives BP and Chinese oil companyCNPC significant control over production from Rumaila, which holds reserves...
