TV News LIES

Wednesday, Feb 21st

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...


Watchdog: Texas company illegally charged Energy Dept. $2.5 million in expenses

Summitt Texas Clean Energy charged illegal fees to US gov.t A government watchdog has found that a Texas energy company likely charged the Department of Energy $2.5...

Energy agency rejects Trump bid to boost coal, nuclear power

Rick PeerryAn independent energy agency on Monday rejected a Trump administration plan to bolster coal-fired and nuclear...

Emergency official: 5 missing after Oklahoma rig explosion

Oklahoma rig explosionFive people are missing after a fiery explosion ripped through an eastern Oklahoma drilling rig Monday...

On its hundredth birthday in 1959, Edward Teller warned the oil industry about global warming

dward Teller warned about global warming in 1959 It was a typical November day in New York City. The year: 1959. Robert Dunlop, 50...
 
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!