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COMMENT: Iraq takes licensing step, but E&P fiscal policy murky

01/21/2007
The invitation extended early this month by Iraq’s Ministry of Oil to international oil companies (IOCs) to preregister by Jan. 31 for exploration and production licensing rounds has no doubt attracted much interest in the industry (OGJ Online, Jan. 3, 2008).In its announcement, the ministry requested the applicant companies to provide a comprehensive list of information, from company bylaws to tax compliance record to HSE policy. The ministry will use the information to select those companies that will be allowed to compete for upstream projects in the country. The scope of information requested for qualification may set a new standard in the industry.But IOCs are still mainly in t...
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