Sporter
07-28-2006, 04:06 PM
Iraq may sign oil deals before oil law enacted
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28 July 2006
Iraq could sign joint ventures with international oil companies even before the nation's parliament enacts a long-awaited hydrocarbon law, Iraq's oil minister said.
Iraq's oil minister, Hussain Al Shahristani, met with representatives from international oil companies, including Exxon Mobil Corporation, BP Plc, Shell Oil Company and Chevron Corporation, according to a list provided by the US Energy Department.
The meetings at the department's headquarters were also attended by US Energy Secretary Sam Bodman.
Shahristani said some terms could be signed before Iraq's parliament enacts its hydrocarbon law, which is expected by year-end. That law would allow billions of dollars worth of crucial foreign investment to flow into the Iraqi oil sector.
"We hope to start some discussions with some (companies) who have indicated their willingness to enter into discussions and even reach agreements before the hydrocarbon law is enacted by the parliament," he said.
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28 July 2006
Iraq could sign joint ventures with international oil companies even before the nation's parliament enacts a long-awaited hydrocarbon law, Iraq's oil minister said.
Iraq's oil minister, Hussain Al Shahristani, met with representatives from international oil companies, including Exxon Mobil Corporation, BP Plc, Shell Oil Company and Chevron Corporation, according to a list provided by the US Energy Department.
The meetings at the department's headquarters were also attended by US Energy Secretary Sam Bodman.
Shahristani said some terms could be signed before Iraq's parliament enacts its hydrocarbon law, which is expected by year-end. That law would allow billions of dollars worth of crucial foreign investment to flow into the Iraqi oil sector.
"We hope to start some discussions with some (companies) who have indicated their willingness to enter into discussions and even reach agreements before the hydrocarbon law is enacted by the parliament," he said.