Iraq Oil ....???.

[Sporter]

Iraq battle over lucrative oil 'may scare major investors'

LONDON: To entice foreign companies to develop Iraq's oil sector, the nation's next government will not only have to tackle violence that has scared away investors, it will also have to determine who controls the country's lucrative oil fields.

Despite the oil industry's many problems - falling production, crumbling infrastructure and relentless insurgent attacks - the prize of the world's second-largest proven reserves is so enticing that some foreign companies have taken the risk of investing.

"If the election is a success, the constitutional dispute over oil supplies is resolved and a new central oil company is created, Iraq will finally start to move ahead," Issam Al Chalabi, a former Iraqi oil minister now working as an oil consultant in Jordan, said.


http://www.gulf-daily-news.com/Story.asp?Article=130756&Sn=BUSI&IssueID=28279

[haggisbasher]

The leading story on www.nozz.com,
(The next Iraqi goverment must tacklequestion of who
controls iraqi oil to draw investment).
would be good to read the rest of the column.:happy64:

[haggisbasher]

:happy64: The nothrern oil lines are flowing again after 6 months of repairs after terrorists blew them up.it is hoped that they will be pumping more than the
380,000bpd.

[G Mann]

would be good to read the rest of the column.:happy64:
Here ya go!

WORLD VIEW

Next Iraqi government must tackle question of who controls Iraqi oil to draw investment

Associated Press WorldStream
Dec 24 2005

LONDON: To entice foreign companies to develop Iraq's oil sector, the nation's next government will not only have to tackle violence that has scared away investors, it will also have to determine who controls the country's lucrative oil fields.

Despite the oil industry's many problems _ falling production, crumbling infrastructure and relentless insurgent attacks _ the prize of the world's second-largest proven reserves is so enticing that some foreign companies have taken the risk of investing.

Most have been small companies that bypass the central government in Baghdad and sign agreements with regional Kurdish officials in the north, just to get a foothold in the market. The real test will be if Iraq can manage to entice the world's top oil companies, which are needed to rebuild the industry.

http://news.lawinfo.com/story/2_ds_100402.cfm

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:happy64: