When the Iraqi oil ministry held its first licensing round after the fall of Saddam Hussein, the most popular oil reserves have been nominated than any other time in history. Seduced by the possibility Engyn CEO of Oil & Gas (fictitious company) began exploring ways to enter the Iraqi market. The CEO quickly discovered that the effort is fraught with risks. Field of mine was the largest political conflict over sharing power among the Kurds of northern Iraq and the central government. During the transition from Iraq after the war, the Kurds exploited the ambiguity in the constitutional provisions governing the energy resources of the country that do business with foreign oil companies independent of central government. Baghdad has rejected the validity of contracts the Kurds and threatened to disqualify any company that has held an offer on new offerings by the Ministry of Petroleum. When the Kurds Engyn offered a lucrative contract involving a disputed territory near the city of Kirkuk, flash point, the CEO faces a dilemma. Given two weeks to respond to the offer, the CEO had to determine whether to sign a contract with the legally uncertain cases Kurds value alienate the central government and the loss of access to the most valuable energy resources in southern Iraq.
by
Condoleezza Rice,
Amy Zegart,
Charles Nicas
Source: Stanford Graduate School of Business
19 pages.
Release: September 14, 2012. Prod #: IB102-PDF-ENG
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