Q&A: Oil Minister Ihsan Ismaael
Iraq’s oil chief discusses negotiations with Total and Chevron, arbitration with Exxon, the future of INOC, several gas project updates, and budget talks with the Kurdistan region.
Iraqi Oil Minister Ihsan Ismaael in his office in Baghdad on Feb. 8, 2021. (LIZZIE PORTER/Iraq Oil Report)
WASHINGTON - The clock is ticking for Iraq’s Oil Ministry to conclude some major strategic initiatives before October’s national elections begin to dominate the agenda in Baghdad.
One consequential yet unfinished deal is a multi-faceted project with France’s TotalEnergies worth $28 billion over 50 years, which would involve gas capture, upstream development, treatment and transport of water for use at southern oil fields, and Iraq’s first solar power plant.
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