Thread: Iraq ready to pump oil
#1 Iraq ready to pump oil06-19-2008, 03:43 PM
BAGHDAD — Iraq is on the verge of approving its first significant deals with major Western oil companies since the war began, the government said Thursday — a move that could give big firms like BP, Shell, ExxonMobil and Total an important boost as the country's oil industry expands and grows more lucrative.
The deals, expected to be signed by the end of June, are designed as an interim way to boost Iraq's oil output until the country can agree on a new national oil law, stalled by political squabbles among Sunnis, Shiites and Kurds.
But the deals also could create an important long-term preference for the big Western companies that win them, by providing a bidding advantage over others in future years.
Iraq's Oil Ministry spokesman would not name the companies set to get the deals.
maybe we can tell the dems and OPEC where to shove that pipeline
Last edited by Phillygirl; 06-19-2008 at 04:40 PM. Reason: removed quote tags; added more text to storyLiberals: Obama's useful Idiots
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