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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: A. Geiche who wrote (37991)2/22/1999 10:37:00 PM
From: dfloydr  Read Replies (1) of 95453
 
Hmmm , here's why the French no longer are part of the anti Iraq coalition. Clinton's only remaining friend on this issue, out of the Bush coalition, is Britain.

Foreign oil firms flock to Iraq

BAGHDAD, Iraq (AP) - Despite doldrums in oil markets, foreign oil firms are approaching Iraq to negotiate deals to develop oil fields, a senior Iraqi oil official said Saturday. Among those interested are French oil companies whose talks with the government are "at a very advanced stage," Fa'iz Shaheen, the oil ministry's senior undersecretary, was quoted as saying by the official Iraqi News Agency.
France's two oil giants, Elf and Total, reopened their offices in Baghdad last year to pursue negotiations on developing giant fields in southern Iraq with reserves of up to 30 billion barrels. See full story
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