القيد النفطي : العلاقة بين شركات النفط العالمية و الإنتاج النفطي الوطني

Abstract EN

Iraq was severely affected by the decline in oil prices, because it does not possess financial surpluses and at the same time it has urgent financing requirements, the most important of which is facing ISIS, which made the expansion of production through international companies and responding to its conditions a single option available to Iraq.

We point out that the problem is not in the type of contracts concluded with oil companies, as service contracts are better than participation contracts despite the presence of many notes on them, but the problem lies in the low oil prices that made the expansion of oil production within licensing rounds lose its usefulness in achieving the goals for which they were concluded, and the problem will be deepen as long as oil prices remain low and contracts unamended.

The research included an introduction, and the structure of the research was arranged and divided according to the following paragraphs: First: Oil prices tumbling in 2014.

Second: What are the oil licensing rounds? Third: The justifications for the oil licensing rounds.

Fourth: Reasons for choosing the Ministry of Oil (service contracts) as part of the licensing rounds.

Fifth: The positive contents of service contracts with foreign oil companies.

Sixth: The negative implications of service contracts.

Sixth: Iraq and oil companies: a vision of the available options.