Iraq woos foreign firms to develop oil fields

[dxbboy]

Iraq woos foreign firms to develop oil fields

http://www.iraqdirectory.com/DisplayNews.aspx?id=526


Doha: Iraq's oil minister has called on international oil companies and investors to develop the country's unexploited oil fields.

"We have no constraint as to the nationality of the interested party or the type of contract for the development of these fields as long as they are fair and represent a value for the Iraqi people", Dr. Ibrahim Baher Al Olom told a session of the International Petroleum Technology Conference yesterday.

[icarusII]

Iraq woos foreign firms to develop oil fields

http://www.iraqdirectory.com/DisplayNews.aspx?id=526


Doha: Iraq's oil minister has called on international oil companies and investors to develop the country's unexploited oil fields.

"We have no constraint as to the nationality of the interested party or the type of contract for the development of these fields as long as they are fair and represent a value for the Iraqi people", Dr. Ibrahim Baher Al Olom told a session of the International Petroleum Technology Conference yesterday.


'Any contracts that Iraq negotiates will have to be approved by parliament and will be subject to public discussion.' Chalabi said Iraq ideally would like to triple production to six million barrels per day in four years once foreign investment comes in. But he acknowledged a long-term oil strategy that assures investors would have to be agreed upon amongst the country's often divided politicians first.

http://www.tradearabia.com/tanews/newsdetails.asp?Ref=S&Article=96846&Sn=&Cnt=31