Q&A: Khalid Hamza Abbas, Managing Director of Basra Oil Company

Basra Oil Company Managing Director Khalid Hamza Abbas gives an interview in his office in Basra on April 20, 2021. (LIZZIE PORTER/Iraq Oil Report)

BASRA – Iraq’s state-owned Basra Oil Company (BOC) is at the center of the country’s high-level negotiations with two international oil companies – ExxonMobil and Total – which are respectively seeking to exit Basra and make massive new investments there.

As BOC’s chief executive, Khalid Hamza Abbas understands very well what Exxon’s departure would mean for the West Qurna 1 oil field, which the company currently operates, as well as the importance of the infrastructure that Total could build if a recently signed contract The agreement leaders advance to a set of binding contracts.

A petroleum engineer by training in Basrawi, Abbas was appointed head of BOC last year, after being promoted to deputy general manager in a September reshuffle. He spoke to Iraq Oil Report at its office in Basra.

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All sources quoted or referenced have spoken directly and exclusively to Iraq Oil Report, unless otherwise stated. Iraq Oil Report generally grants anonymity to sources who cannot speak without risking their personal safety or job security. We only release information from anonymous sources that we independently corroborate and that is material to the essential elements of the story. We do not provide anonymity to sources whose purpose is to promote personal or political agendas.

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Iraq Oil Report strives to provide carefully vetted reports and unbiased analysis that enables readers to understand dynamic events in Iraq. To achieve this goal, we always seek to gather first-hand information from the field, verify facts from multiple angles, and solicit feedback from every stakeholder involved in any given story.

view our independence as an integral part of our competitive advantage. While many media entities in Iraq are owned or heavily influenced by political parties, Iraq Oil Report is 100% owned by many of its employees. In an often polarized and politicized landscape, we are able to gather and corroborate information from an unusually wide range of sources because we can speak with all of them in good faith.

To fund this venture, Iraq Oil Report depends on both advertising and subscription revenue. Some of our advertisers and subscribers – including businesses, governments and NGOs – are also the subject of our reporting. In accordance with journalistic best practices, Iraq Oil Report maintains a strict firewall that removes commercial considerations from editorial decision-making. When choosing which stories to tell and how to write them, our readers always come first.

Iraq Oil Reporting Attribution Policy

All sources quoted or referenced have spoken directly and exclusively to Iraq Oil Report, unless otherwise stated. Iraq Oil Report generally grants anonymity to sources who cannot speak without risking their personal safety or job security. We only release information from anonymous sources that we independently corroborate and that is material to the essential elements of the story. We do not provide anonymity to sources whose purpose is to promote personal or political agendas.

Iraq Oil Report Commitment to Independence

Iraq Oil Report strives to provide carefully vetted reports and unbiased analysis that enables readers to understand dynamic events in Iraq. To achieve this goal, we always seek to gather first-hand information from the field, verify facts from multiple angles, and solicit feedback from every stakeholder involved in any given story.

view our independence as an integral part of our competitive advantage. While many media entities in Iraq are owned or heavily influenced by political parties, Iraq Oil Report is 100% owned by many of its employees. In an often polarized and politicized landscape, we are able to gather and corroborate information from an unusually wide range of sources because we can speak with all of them in good faith.

To fund this venture, Iraq Oil Report depends on both advertising and subscription revenue. Some of our advertisers and subscribers – including businesses, governments and NGOs – are also the subject of our reporting. In accordance with journalistic best practices, Iraq Oil Report maintains a strict firewall that removes commercial considerations from editorial decision-making. When choosing which stories to tell and how to write them, our readers always come first.