Oil companies face critical new Iraqi regulatory hurdles
If they don't comply, companies risk major consequences — including payment delays, visa problems, and exclusion from tenders.
A Basra Gas Company worker at the Nahr Bin Omar oil field takes part in the opening of a new pipeline sending gas to the national network on Jan. 12, 2017. (JASSIM AL-JABIRI/Iraq Oil Report)
International oil companies, oil service companies, and other contractors in Iraq are at risk of major disruptions — including payment delays and problems moving personnel — due to newly enforced government policies.
The oil sector has long enjoyed a de facto exemption from some Iraqi regulations, including Ministry of Labor requirements associated with social security and work permits.
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