Iraq Oil



BP and Shell met UK Trade Minister
- 2002 - PDF: LINK ¤ FUEL ON FIRE

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  • "BP, for historical reasons"

 

 

 

 

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  • "has considerable knowledge of the geography and potential of Iraq"

 

 

 

 

 

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  • "which was enormous"

 

 

 

 

 

 

 

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  • "Iraq's reserves meant it could become a decisive player in the oil market"

 

 

 

 

 

 

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  • "and would provide an immense strategic advantage to any company"

 

 

 

 

 

 

 

 

 

 

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BP met UK Head Economic Policy - 2002 - PDF: LINK ¤ FUEL ON FIRE

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  • "the presentation spelt out why Iraq is special for the oil companies"

 

 

 

 

 

 

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  • "it has not only the second largest proven oil reserves in the world"

 

 

 

 

 

 

 

 

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  • "but unique “yet-to-find” potential"

 

 

 

 

 

 

 

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  • "because it has been so poorly explored"

 

 

 

 

 

 

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  • "proven reserves understate the true position"

 

 

 

 

 

 

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  • "by far more than elsewhere"

 

 

 

 

 

 

 

 

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  • "oil production costs - in the range of US$ 0.5-1.0 per barrel"

 

 

 

 

 

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  • "are the lowest in the world"

 

 

 

 

 

 

 

 

 

 

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Shell met UK Foreign Office - 2002 - PDF: LINK ¤ FUEL ON FIRE

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  • "the potential for oil and gas in Iraq is huge"

 

 

 

 

 

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  • "Iraq being the last unexplored area in the Middle East"

 

 

 

 

 

 

 

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  • "and deep reservoirs lying under existing ones"

 

 

 

 

 

 

 

 

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  • "Shell and BP could not afford not to have a stake in it"

 

 

 

 

 

 

 

 

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  • "for the sake of their long term future"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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- Capital: Baghdad - [ GoI = Government of Iraq ]

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Minister of Oil - US cable - 2007: LINK ¤ 07BAGHDAD2453l

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  • Iraqi Oil Minister al-Shahristani: "Iraq will export to the world oil market"

 

 

 

 

 

 

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  • "of the 500 known petroleum-bearing geophysical structures"

 

 

 

 

 

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  • "only about 80 have been evaluated"

 

 

 

 

 

 

 

 

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Foreign Oil Companies - US cable - 2008: LINK ¤ 08BAGHDAD471

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  • "legislation to protect the interests of foreign oil companies"

 

 

 

 

 

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  • "are the first significant opening to the private sector"

 

 

 

 

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  • "since Iraq nationalized oil in 1972"

 

 

 

 

 

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  • "to protect interests of foreign companies"

 

 

 

 

 

 

 

 

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Qualification - US cable - 2008: LINK ¤ 08BAGHDAD1180

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  • "the Ministry of Oil announced the outcome of the pre-qualification"

 

 

 

 

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  • "for the international oil companies (IOC)"

 

 

 

 

 

 

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  • "a total of 120 companies submitted applications"

 

 

 

 

 

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  • "35 qualified:"

 

 

 

 

 

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USA: 7 - JP: 4 - CN: 4 - UK: 3 - AU: 2 - IT: 2 - RU: 2 - SP: 1 - FR: 1 - GE: 1 - NE: 1 - NO: 1 - CA: 1 - KO: 1 - DE: 1 - IN: 1







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Foreign Oil Companies - US cable - 2008: LINK ¤ 08BAGHDAD3241

 

 

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the Rumaila field:

 

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  • "North Rumaila, with 10.3 billion barrels of reserves, and South Rumaila, with 7.5 billion barrels"

 

 

 

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  • "North Rumaila currently produces 500,000 barrels per day (bbl/d) and South Rumaila 530,000"

 

 

 

 

 

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  • "BP was offered a short-term TSC [technical service contract] on the Rumaila field"

 

 

 

 

 

 

 

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West Qurna:

 

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  • "originally developed in 1987, holds 8.6 billion barrels of reserves"

 

 

 

 

 

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  • "was offered to a Chevron / Total partnership"

 

 

 

 

 

 

 

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Zubair:

 

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  • "holds 4.1 billion barrels of reserves and produces 250,000 bbl/d"

 

 

 

 

 

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  • "was offered to Exxon"

 

 

 

 

 

 

 

 

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the Maysan field:

 

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  • "Buzurgan with 612 million barrels of reserves, Fauqa with 1.5 billion, and Abu Ghirab with 450 million barrels"

 

 

 

 

 

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  • "was offered to Shell in partnership with BHP"

 

 

 

 

 

 

 

 

 

 

 

 

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greatest Show on Earth - US cable - 2009: LINK ¤ 09BAGHDAD1648

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  • "Iraq's Ministry of Oil awards contracts to international oil companies"

 

 

 

 

 

 

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  • "to eight large oil and gas fields"

 

 

 

 

 

 

 

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  • "the largest bid round ever conducted"

 

 

 

 

 

 

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  • "40% of Iraq's total proven reserves"

 

 

 

 

 

 

 

 

 

 

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ExxonMobil - US cable - 2010: LINK ¤ 10BAGHDAD135

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  • "ExxonMobil and the Ministry of Oil have reached an agreement"

 

 

 

 

 

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  • "on a final contract for part of Iraq's largest oil field"

 

 

 

 

 

 

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  • "this contract, the last of the ten contracts from Iraq's oil bid rounds to be initialed, covers development"

 

 

 

 

 

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  • "of one of the world's largest oil fields"

 

 

 

 

 

 

 

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  • "agreement was reached after extensive advocacy by the US"

 

 

 

 

 

 

 

 

 

 

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three World Class Oil Contracts in one Week - US cable - 2009: LINK ¤ 09BAGHDAD3003

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  • "a consortium led by Italian firm ENI"

 

 

 

 

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  • "including US firm Occidental"

 

 

 

 

 

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  • "and South Korea's Kogas"

 

 

 

 

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  • "initialed a contract for an oil field in southern Iraq"

 

 

 

 

 

 

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  • "a consortium led by BP"

 

 

 

 

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  • "and including China National Petroleum Company (CNPC)"

 

 

 

 

 

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  • "signed their contract for one of the largest oil fields in the world"

 

 

 

 

 

 

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  • "finally, in a nail-biting finish, a super-giant oil field was awarded"

 

 

 

 

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  • "to a consortium by ExxonMobil"

 

 

 

 

 

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  • "including Royal Dutch Shell"

 

 

 

 

 

 

 

 

 

 

 

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Oil - US cable - 2009: LINK ¤ 09BAGHDAD3196

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  • "Iraq jumps from the 11th largest oil producer"

 

 

 

 

 

 

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  • "to the world's largest oil producer"

 

 

 

 

 

 

 

 

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  • "from the 10th largest oil exporter"

 

 

 

 

 

 

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  • "to the world's largest oil exporter"

 

 

 

 

 

 

 

 

 

 

 

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Oil Reserves - US cable - 2009: LINK ¤ 09BAGHDAD2661

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  • "Iraq, with 115 billion barrels of oil reserves"

 

 

 

 

 

 

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  • "has 9% of the world's oil reserves"

 

 

 

 

 

 

 

 

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  • "seven (13%) of the world's 54 super giant fields"

 

 

 

 

 

 

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  • "21 (6.5%) of the world's 320 giant fields"

 

 

 

 

 

 

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  • "and 19 of the world's 570 large fields"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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IRAQ OIL LAW - Wikipedia EN: LINK ¤ IRAQ OIL LAW

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  • "the legislation of the Iraq Hydrocarbon Law started when the US-backed Iraqi cabinet approved a new oil law that was set to give foreign companies long-term contracts"

 

 

 

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  • "the Bush administration hired the consulting firm BearingPoint to help write the law in 2004"

 

 

 

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  • "the bill was approved by the Iraqi cabinet in February 2007"

 

 

 

 

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  • "the law rattled labour unions and international campaigners, who say oil production should remain in the hands of Iraqis"

 

 

 

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  • "an opinion poll shows 63% of Iraqis surveyed"

 

 

 

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  • "would prefer Iraq's oil to be developed and produced by Iraqi state-owned companies than by foreign companies"
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iraq oil - 14123IQO
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