Highlights Cabinet calls on oil ministry to conduct ‘appropriate’ study Some politicians have called for changes in financial terms of contracts Oil majors operate some of Iraq’s biggest fields Iraq plans to conduct a study on all oil and gas exploration and transport contracts with foreign companies, according to a Cabinet decision, amid calls by some politicians in OPEC’s second-largest producer to review some agreements with international oil companies. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The oil ministry should conduct an “appropriate” study on the contracts, the Cabinet said in a June 1 statement carried by the state-run Iraqi News Agency. The Cabinet issued the decision following its regular weekly meeting. Some members of parliament and other politicians often express concern about certain contracts signed with oil majors, which they believe carry unfair financial terms, a debate that has gone on for years. […]