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Profile: Natik al-Bayati

Natik al-Bayati was a participant or observer in the following events:

At the Asia Oil and Gas Conference in Kuala Lumpur, Natik al-Bayati, director general of Iraq’s Oil Exploration Company, tells reporters that Iraqi officials are hoping that foreign oil companies will return to Iraq and begin working by the third quarter of 2006. “Hopefully by the first quarter of 2006 the companies will come back. Maybe by mid-year or the third quarter [of 2006]. This is what we have in mind,” he says. He explains that the objective is to increase production to 3.5 million-4 million barrels per day by 2010. To meet this goal, Iraq’s exploration sector will need between $15 billion and $20 billion, he says. (Schmollinger 6/15/2005) Iraq will have to begin negotiating with the oil companies this year in order to make that deadline. As one observer notes, this would be taking place “before a legitimate Iraqi government is elected and in parallel with the writing of a Petroleum Law. This time frame means that contracts will be negotiated without public participation or debate, or proper legal framework.” (Muttitt 2005)


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