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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (15466)	11/11/2004 8:52:17 AM
From: mishedlo	Respond to of 116555

With eye to future, oil companies give Iraq "free" help A Shell spokesman said the company wants to establish "an enduring presence in Iraq." By Justin Blum, The Washington Post November 8, 2004 WASHINGTON — International oil companies have launched voluntary efforts to train Iraq's oil workers and provide technical assistance, hoping to generate goodwill and eventually get access to the country's huge oil reserves. In addition, Shell agreed to look into the most effective use of the country's natural gas reserves. Chevron is advising Iraqis on two of the country's biggest oil fields now in production, Kirkuk in the north and Rumaila in the south. "The industry is about relationships — face-to-face relationships count for something," said Lawrence Goldstein, president of the PIRA Energy Group in New York..he added: "You might reasonably say, 'What's in it for us?' To be honest, this is part of a broader relationship-building effort we have underway. It's important to build relationships with those folks. Those folks. thesunlink.com