Disputes flare anew over Iraqi E&D contracts

Disputes have flared anew over the viability of Iraqi exploration and development contracts signed during the regime of President Saddam Hussein.Russia's OAO Lukoil has again threatened legal maneuvers over an oil E&D contract reportedly cancelled by the head of the new Iraqi oil ministry.Meanwhile, China National Oil & Gas Exploration & Development Corp. (CNODC) claims to have received no official notification over the status of its E&D contract with the former regime.Thamir Ghadhban, the US-appointed de facto Iraqi oil minister, while stating that he welcomes foreign investment in Iraq, nonetheless announced May 24 that the contract with Lukoil for the Phase 2 development of giant W...

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