In March 2009, the Iraqi government has decided to hold its first auction of the deposit. Auctions were for service contracts in the southern oil fields in the country, the winner gets the right to extract oil above a certain target for a nominal fee. Participants competed in charged per barrel, and the amount by which they promised to increase production. At the same time, the Kurdish regional government continues to sign production-sharing agreements with foreign companies in their fields, unrecognized government. In the context of continuing (if very low) political violence and the legislative stalemate in the national parliament, the three actors needed to make key decisions. Jean-Claude Gandur, CEO of Addax Petroleum, you must decide whether to continue to invest in the Kurdish region in the light of the continuing opposition of Baghdad. Iraqi Oil Minister Hussain al-Shahristani, necessary for development of oil auctions so that the oil companies will be transferred to invest, invest, and quickly, despite the absence of a national oil law. Finally, the U.S. Secretary of State Hillary Clinton, to decide that the Iraqi oil policy is in the best interest of the United States, and what levers (if any), the U.S. government can pull to make sure that the policy will be implemented. To solve the three actors, and as if their decisions affect the future of Iraq and the world oil market? "Hide
by Noel Maurer, Soghomon Tarontsi Source: Harvard Business School 31 pages. Publication Date: September 21, 2009. Prod. #: 710002-PDF-ENG
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