TV News LIES

Saturday, Jun 24th

Last update05:20:13 AM GMT

You are here News Energy Iraq opens fields; Exxon, Shell seek foothold

Iraq opens fields; Exxon, Shell seek foothold

E-mail Print PDF

IRAQ is set to welcome back foreign oil companies into the war-torn nation to develop the world’s third-largest crude reserves three decades after expelling them.

Eight of the world’s top 10 nonstate oil producers, including Exxon Mobil Corp. and Royal Dutch Shell Plc, are vying for the right to help Iraq develop six oilfields and two natural-gas deposits. More than 30 companies in total are bidding for $16 billion worth of technical service contracts for producing fields that will be awarded in Baghdad on June 29 and 30.

“Iraq is the big prize in the region,” said Raja Kiwan, a Dubai-based analyst at consultants PFC Energy. “It is one of the only remaining areas that provide the level of upside for companies who want to access reserves.”

More...


Most Recent Related Stories...


U.S. labor report, Paris decision backlash send oil prices lower

Oil prices fall after paris accord withdrawalPerceived weakness on the margins of the U.S. labor sector and the reaction to the U.S....

Tunnel collapses at Hanford Nuclear Reservation; no radiation released

Tunnel Collapse at Hanford Nuclear reservationHundreds of workers were told to take cover at the Hanford Nuclear Reservation after a tunnel...

Three Mile Island nuclear plant will close in 2 years, owner says

three mile island nuclear plant to close in 2019The owner of Three Mile Island, site of the United States' worst commercial nuclear power accident,...

Exxon Won't Get Drilling Waiver for Russia, Mnuchin Says

Exxon refused waiver for sanctionsExxon Mobil Corp. won’t be allowed to bypass U.S. sanctions against Russia to resume drilling for...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!