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 »
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- What happens when you can search 30 million words of oil contracts?
OpenOil today releases the fourth version of the contracts repository. As my colleague Anton Rühling writes, there are another 83 contracts, from 29 countries, and some interesting material around the Brazilian state oil company Petrobras, currently at the middle of major corruption scandals. But along with the new contracts comes a feature we hope will be useful to researchers and extractives governance professionals around the planet – the ability to comb all the contracts word by word for phrases, combinations of phrases, date ranges and other functions.