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
Malaysia awards another offshore block to Shell
29 July 2021
The major has been awarded another block by NOC Petronas, but government involvement remains vital
Shell greenlights Whale venture
29 July 2021
Gulf of Mexico FIDs may be waning, but latest approval shows they can still be viable
Governments in race to unlock potential of CCS
29 July 2021
Policymakers must ensure key technology for reaching net-zero sustains momentum over the next decade
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video