Iraq ready for oilfield contracts negotiations (Exxon & Chevron meeting)

[sabra]

http://www.gulf-daily-news.com/Story.asp?Article=141628&Sn=BUSI&IssueID=29033

Iraq ready for oilfield contracts negotiations
DOHA: Iraq is ready to move swiftly in negotiating multi-billion-dollar oilfield contracts with international majors and can sign deals before an investment law is passed by the government, a top oil official said yesterday.

The Iraqi oil sector has been crippled by attacks on energy installations, political wrangling, lack of funds and mismanagement since the US-led invasion in 2003. To reverse output declines, it needs to ensure the flow of funds and restore security to allow for maintenance and development.

"The investment law could take some time and we are not prepared to wait for that long," Shamkhi Faraj, director general of marketing and economics at the ministry of oil, said.

...

Iraq's oil minister was set to meet with officials from oil companies gathered in Doha for the International Energy Forum, a round table for producers and consumers, Faraj said. Among those expected in Qatar were Exxon Mobil Chief Executive Rex Tillerson and Chevron boss David O'Reilly.

[acmavm]

1. Wonder if the Iraqis are going to go along with Exxon and Chevron

owning their oil?

[tatertop]

2. Don't worry, no one will tell them until after the wells run dry

[AuntiBush]

3. And Iraqi Citizens...

Will be tossing flowers our way when we give them their lands resources after we spread around more of our wonderful democracy :sarcasm:

[leftchick]

4. Iraq Oil Minister = Ahmed Chalabi

:puke:

[HysteryDiagnosis]

5. Iraqi oil "monster" in this case.... sort of.... n/t

[oscar111]

9. removed

nt

thanks,
oscar

[aquart]

6. I.N.S.A.N.E.

[Disturbed]

7. The Iraqi Invasion getting to the point.

After three years, the end game is concluding.

[sabra]

10. we need to keep an eye on this...

[Terran1212]

8. So this is what all the blood was for

Well this and AIPAC among a few other things.