Introducing the Arabic language Libya wikiguide!

We’re happy to announce we have a new addition to our Wiki Guides family – an Arabic language translation of the Libya Oil Almanac. To the best of our knowledge, it is the first Arabic language guide to the Libyan oil industry, and it joins our other Arabic language wiki for Iraq, also the first more »

Category: Blogs, Iraq, Libya, Middle East, Wiki · Tags:

Iraq’s EITI report shows discrepancies with a KPMG audit

We were running some numbers on Iraq’s first EITI report, published in December, and stumbled on a surprising fact: the reconciliation report carried out by Price Waterhouse Cooper, mapped exactly onto an audit by KPMG of the Development Fund for Iraq accounts held in New York. And yet there is a discrepancy of at least more »

Category: Blogs, EITI, Iraq · Tags:

The missing pieces in Iraq’s first EITI report

The next few months are an incredibly crucial time for Iraq as an implementing country of the Extractive Industries Transparency Initiative (EITI). It has until August 2012 to achieve EITI Validation, following the beginning of its candidacy in February 2010. As such, any issues with regards to the activities designed to display their increase in more »

Category: Blogs, EITI, Iraq, Oil 101, Transparency · Tags:

Colombia, KRG, Peru: so where are those “published” Oil Contracts?

There is an ever increasing level of interest in the debate around contract transparency in the global extractives industries, and a growing minority of jurisdictions which have agreed to publish contracts openly. However winning the argument is only the first chapter in the story as I discovered recently looking at Colombia, Peru and Iraqi Kudistan. more »

Iraq’s first EITI report raises as many questions as it answers

Iraq issued its first report under the EITI mechanism just before the New Year and it was circulated last week in English, Arabic and Kurdish. It’s the first formal deliverable in Iraq’s participation in the transparency scheme since it signed up two years ago. Price Waterhouse Cooper reconciled financial reporting from Iraq’s monopoly oil marketing more »

Iraq’s uncertain oil future – ExxonMobil as harbinger

Sitting in Baghdad airport last week as the last American troops left was a filmic experience. Soldiers rattled around on the tarmac with their kit bags while Apaches hovered overhead – thrump, thrump, thrump. The airport base, even last year, home to perhaps 40,000 men, was almost empty and the Iraqi army hovered round the more »

Category: Iraq, Middle East · Tags:

Iraqi & Iranian reserves… mine’s bigger than yours

So, overnight, the world has another 29 billion barrels of oil after Iraq decided to upgrade its proven reserves from 114 billion to 143 billion barrels based on new evaluations of West Qurna and Zubair fields in the south. That’s pretty much an entire year of global demand right there. Although the details are a more »

Category: Iraq, Middle East, OPEC, Reserves · Tags: