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Iraq economy 2009 Oil services contracts


Between June 2009 and February 2010 the Iraqi Oil Ministry tendered for the award of Service Contracts to develop Iraq's existing oil fields. The results of the tender, which was broadcast live on Iraqi television, are as follows for all major fields awarded but excluding the Kurdish controlled areas where Production Sharing Contracts have been awarded which are currently being disputed by the Baghdad government. All contracts are awaiting final ratification of the awards by the Iraqi government. Company shares are subject to change as a result of commercial negotiations between parties. If all contracts awarded reach their stated target plateau production then this will increase Iraqi production from today's 2.5 mb/d by 9.4 mb/d to a total of 11.9 mb/d, comparable to current Saudi declared capacity of 12.5 mb/d.[citation needed] Field Company Home country Region Company type Share in field Production increase share Service fee per bbl Gross revenue at plateau - US bn p.a. References Majoon Shell UK UK Public 45% 0.7875 1.39 0.4 BBC Petronas Malaysia Asia State 30% 0.525 1.39 0.266 Shell Halfaya CNPC China Asia State 37.5% 0.525 1.39 0.102 Upstream Petronas Malaysia Asia State 18.75% 0.099 1.4 0.051 Upstream Total France Europe Public 18.75% 0.099 1.39 0.051 Rumaila BP UK UK Public 37.5% 0.7125 2 0.520 Business Week CNPC China Asia State 37.5% 0.7125 1.39 0.520 Zubair ENI Italy Europe Public 32.81% 0.328 2 0.240 Business Week Occidental US US Public 23.44% 0.2344 2 0.171 Business Week KOGAS Korea Asia State 18.75% 0.1875 2 0.137 Business Week West Qurna 2 Lukoil Russia Russia Public 56.25% 1.0125 1.15 0.425 Business Week Statoil Norway Europe State 18.75% 0.3375 1.15 0.142 Statoil Badra Gazprom Russia Russia State 30% 0.051 5.5 0.102 Business Week Petronas Malaysia Asia State 15% 0.0255 5.5 0.051 Upstream KOGAS Korea Asia State 23% 0.03825 5.5 0.077 Upstream TPAO Turkey Asia State 8% 0.01275 5.5 0.026 West Qurna 1 Exxon US US Public 60% 1.2276 1.9 0.851 Business Week Shell UK UK Public 15% 0.3069 1.9 0.213 Alfred Donovan's blog (royaldutchshellplc.com) Notes: 1. Field shares are as a % of the total. The Iraq state retains a 25% share in all fields for which Service Contracts have been awarded. 2. Production Increase Share is the millions bbls per day that will attract the Service Fee for the company. 3. Gross revenue at plateau is the total payment each company will receive upon reaching their declared target plateau production rate (in between 5 and 8 years depending on field), before deduction of any operating costs but in addition to recovery of all development costs as billions of US$ per annum. The total gross revenue for all companies, after recovery of capital costs, is at plateau production of an additional 9.4 mb/d, 4.34 bn US per annum at a $70 bbl oil price. The 2010 Iraq govt budget is $60 billion. $300 billion is approximately $10,000 per annum for each Iraqi citizen. In summary the shares by region in the increased production are: Region Production Share mb/d  % of total Iraq 1.462 25% Asia 1.9 20% UK 1.81 19% US 1.462 16% Russia 1.064 11% Europe (excl UK) 0.865 9% — Preceding unsigned comment added by 67.167.85.117 (talk) 18:36, 1 February 2012 (UTC)[reply]

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RS verification needed RE: Post-Soviet era

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I was surprised to see an entire section sourced to non-RS publications. There is undoubtedly valid sourcing available somewhere to support new content for this section. SPECIFICO talk 02:25, 4 February 2018 (UTC)[reply]

That was included by an ideffed user. Although not particularly reliable, I think such sources should be OK to source someone else claims. That content was not really problematic. The controversy did occur and John A. Shaw and Ion Mihai Pacepa did make such claims, and the claims well could be true. The claim about chemical weapons being transferred to Syria was correct to my knowledge. But I do not have time to find better sources and fix it. There is a book published in 2014 [1], and it summarizes this well enough, but I am not certain if this is due on this page. My very best wishes (talk) 17:52, 4 February 2018 (UTC)[reply]
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