Subscribe free to our newsletters via your
. Space Industry and Business News .




ENERGY TECH
Iraq looks to raise profile with OPEC candidate
by Staff Writers
Baghdad (AFP) June 12, 2012


As Iraq increases oil output and emerges as a key supplier, it is now pushing a candidate for OPEC secretary general, part of efforts to boost its profile and retake a big role in the cartel it helped found.

Baghdad had for decades stood on the sidelines of the Organisation of Petroleum Exporting Countries (OPEC) as a result of conflict and sanctions during the rule of Saddam Hussein, and the violent aftermath of his overthrow, highlighted by Iraq's removal from OPEC's national production quota system.

But in recent years, Iraq has opened its oil sector to development by foreign firms and increased its crude production, with further dramatic increases in the works.

And although any successful candidate for the job requires unanimous approval from the cartel's member states, meaning agreement on any of the four proposed names is far from a sure thing when the 12-country grouping meets on June 14, the mere fact that an Iraqi candidate is in the mix marks a sea change.

Baghdad's candidate, Thamir Ghadhban, is widely lauded as a well-qualified technocrat who led the country's oil sector during, arguably, its most difficult period in the years following the 2003 US-led invasion.

After the invasion, Ghadhban was named chief executive of Iraq's oil industry, and subsequently adviser to the oil minister before himself becoming the minister in 2004.

The 67-year-old, who holds a Master's degree in petroleum reservoir engineering from Britain's prestigious Imperial College London, worked in Iraq's oil industry for upwards of 30 years before more recently heading Prime Minister Nuri al-Maliki's advisory committee.

Ghadhban is pitted against three other candidates, proposed separately by Saudi Arabia, Iran and Ecuador. Of the four, only Saudi Arabia's candidate is not a former oil minister, a position OPEC secretary generals have traditionally held at some point.

"Thamir's own merits are so obvious that he's a great candidate," Venezuela's former oil minister Alirio Parra told AFP by telephone from London. "Over the years, I have dealt with him lots. He has all the qualities that are necessary."

But Parra cautioned that the unanimity requirement made any predictions over who would win the election complicated.

"There are four candidates, so you cannot say there is a frontrunner," said Parra, who as a candidate for OPEC secretary general in 1994 fell victim to the unanimity rule when he secured the support of all cartel member states except for one.

"Don't expect results overnight. It is very difficult indeed for candidates to be elected."

For Iraq, the election offers a chance for it to retake a leadership role in OPEC, which was founded in Baghdad in September 1960 with it as one of six member countries.

Since OPEC's founding, only one Iraqi has held the position of secretary general -- Abdul Rahman al-Bazzaz, who manned the post for a year from 1964. Fadhil al-Chalabi was acting secretary general from 1983-88.

And with Iran and Saudi Arabia traditionally holding opposing positions within OPEC, there is potential that Ghadhban could emerge as a compromise candidate of sorts.

According to one analyst, OPEC would benefit from Iraq being in the lead.

"Putting Iraq in a position of responsibility means it has to act responsibly towards everyone," said Ruba Husari, editor of www.iraqoilforum.com.

She added, alluding to Iraq's current production and large projected increases in coming years, and its accompanying ability to affect oil markets: "Instead of having a classroom with a (potential) rebel, you put him in charge, so (he thinks), 'we have to satisfy everyone'."

Iraq currently exports around 2.45 million barrels per day (bpd), but this figure is set to increase dramatically in the coming years.

For now, Iraq remains a member of OPEC but does not have a national quota for oil production, and Iraqi oil officials have mooted the possibility of opening quota negotiations with the cartel once production increases to between four to five million bpd.

It is projected to hit those figures from around 2015 onwards, and with OPEC secretaries general serving a maximum of two three-year terms, such negotiations could conceivably open with an Iraqi at the helm, were Ghadhban successful.

"They should accommodate Iraq, especially at a time when quotas will be discussed," an Iraqi oil official said, speaking on condition of anonymity.

"They (OPEC member states) should take Iraq on board, and in reality they should reward Iraq with this post, rather than block it."

"Iraq has been, in the past, marginalised" within OPEC, the official said. "Now Iraq is back."

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
US must encourage development of Canadian oil sands, mitigation of CO2 emissions
Houston TX (SPX) Jun 12, 2012
To successfully reduce the United States' dependence on fuels from outside North America, the government must pursue policies that foster the diversion of Canadian oil sands crude to U.S. Gulf Coast refineries, according to a new study by Rice University's Baker Institute for Public Policy. The study calculates that this move would reduce the U.S. trade deficit through increased trade with Canad ... read more


ENERGY TECH
New circuits work in high radiation levels

Apple maps a path to mobile throne

How does Dolomite form

Amazon offer Cloud Player app for iPhone

ENERGY TECH
Northrop Grumman Develops, Demonstrates SmartNode Pod

IGC and 3Di Team Up to Support Iraqi Military Network

Indian border force eyes sat-phone upgrade

India Plans To Launch First Military Satellite

ENERGY TECH
NuSTAR Arrives at Island Launch Site

Another Ariane 5 begins its initial build-up at the Spaceport

Boeing Receives DARPA Airborne Satellite Launch Study Contract

Sea Launch Delivers the Intelsat 19 Spacecraft into Orbit

ENERGY TECH
Apple fends off Android challenge with maps, Siri

Boeing, Raytheon and Harris to Pursue GPS Control Segment Sustainment Contract

Revamped Google maps goes offline for mobile

USAF Awards Lockheed Martin GPS III Flight Operations Contract

ENERGY TECH
Air industry head asks EU to postpone carbon tax

Iraqi Airways looks to update fleet

Medvedev confirms fifth-generation bomber

China says to build 70 new airports by 2015

ENERGY TECH
SFU helps quantum computers move closer

Rice, UCLA slash energy needs for next-generation memory

Unique approach to materials allows temperature-stable circuits

Integrated sensors handle extreme conditions

ENERGY TECH
UH research team uses airborne LiDAR to unveil Honduran archaeological ruins

Apple unveils maps program, challenging Google

Taking action for GMES

CryoSat goes to sea

ENERGY TECH
'Mysterious' haze blankets Chinese metropolis

German agency to incinerate Bhopal waste: India

Brazilian slum's green oasis a boon to recycling

Sao Paulo environment czar roots for cities at Rio+20




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement