Related Articles
Iraq has had a rocky relationship with IOCs
Forward article link
Share PDF with colleagues

Iraq and IOCs: A complex web

Baghdad needs to improve its relationship with international partners. But beware assuming there are easy answers

Reports that Iraq’s tax authority has issued orders to prevent around 20 foreign energy firms from being able to secure visas for their personnel or to import materials, on the grounds of late tax payments, are another jarring reminder of the country’s long-rocky relationship with IOCs. But too many commentators have focused on addressing the ‘one’ reason why IOCs have fallen out of love with Iraq. In reality, it is far more complex. The very fact that various analysts do not agree but hit upon various themes as their preferred main driver—harsh contractual terms, the type of contract on offer, corruption, resource mismanagement or security conditions—is telling. That all these factors have

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Beijing strives to balance security and decarbonisation
15 October 2021
The ongoing global energy crunch underlines the difficult task facing China’s leaders in balancing energy supply security while reaching net zero in the next 40 years
Occidental exits Ghana
15 October 2021
The US super-indie is divesting its assets in the country
Gran Tierra cranks up the gears
14 October 2021
Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video