It appears Iraq's oil infrastructure really is collapsing, as someone
suggested way back in February. They have GOT to be desperate
to do the below.
Iraq Prepared to Hold Talks With U.S. Oil Firms, AFP Reports
Baghdad, Sept. 25 (Bloomberg) -- Iraq says it is prepared to
negotiate with U.S. oil companies over plans to develop the
country's largely untapped reserves of crude oil, despite recent
diplomatic and military hostilities between the two countries,
Agence France Presse reported, citing Iraqi Deputy Oil Minister
Taha Hummud Mussa. ``Iraq has no objections to having talks with
U.S. oil companies, if they show themselves willing,' he was
quoted as telling AFP at the opening of an oil industry fair in
Baghdad. Iraq, the subject of United Nations sanctions, is
holding discussions with a group of foreign oil firms, including
Russia's OAO Lukoil Holding and France's Elf Aquitaine SA, to
help raise money needed to boost oil production capacity.
On Wednesday, OAO Lukoil Holding, Russia's largest oil
producer, said it will negotiate the schedule of works at an
Iraqi oil field this week as the company tries to rescue its $80
million contract in the country, delayed by UN sanctions. |
