money.cnn.com - 12/31/2008
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BAGHDAD (Reuters) -- Iraq on Wednesday opened up some of its most prized oil and gas fields to international firms that have been excluded for decades, part of new deals that could more than double its output within a few years. In a second bid round, following on from one earlier this year, ...
business.timesonline.co.uk - 12/27/2008
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DrumBeat: December 31, 2008
The Oil Drum —
... trading began in 1983 -- has prompted the government motion and could lead to social unrest, observers said.
“It shows that they’re running out of dough,” said Dalton Garis, associate professor of economics at The Petroleum Institute of Abu Dhabi in the United Arab Emirates. “It is extremely dangerous for the regime as it may precipitate some grass-roots action that could get out of hand, and the ultimate result might be quite chaotic in the short run.”
Iraq opens oil fields
BAGHDAD (Reuters) -- Iraq on Wednesday opened up some of its most ...
Iraq opens oil fields
Peak Oil News —
... >{? In a second bid round, following on from one earlier this year, Iraq has put forward 11 oil and gas fields, including super giants. "Under service contracts prepared by the oil ministry, 11 oil and gas fields will undergo complete development," Oil Minister Hussain al-Shahristani told a Baghdad news conference. Two of the oilfields - Majnoon and West Qurna Phase II - are classed as super giants and between them could produce 1.2 million barrels per day when fully developed. Reuters
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