Ruba Husari at Iraq Oil Forum emails to point out that she has a new interview up with Thamir al-Ghadhban, former Iraqi Minister of Oil and Chairman of the Advisory Commission at the Prime Minister’s office. Indeed, it's a completely fascinating read for those following the Al-Shahristani plan, and its likely impact on peak oil timing. The most significant news to me was that the signature bonuses from the new contracts went to fund a 20% budget deficit and not to help pay for the major new infrastructure the government needs to develop in order to export all the oil the IOCs have committed to produce. I guess Iraqi budget deficits in the next few years are a risk factor to this plan that I need to understand better.
Definitely read the whole thing, but here are some of the best bits (according to me):
Showing posts with label thamir al-ghadhban. Show all posts
Showing posts with label thamir al-ghadhban. Show all posts
Tuesday, March 2, 2010
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