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Iraq Poised to Transform Oil Market in Next Decade

23 hours ago ago from Iraqi Dinars Blog

by  Nehal el-Sherif Deutsche Presse-Agentur (dpa) 12/17/2009 URL: http://www.rigzone.com/news/article.asp?a_id=84307 Political and security issues in war-torn Iraq have been the focus of the world's attention for more than six years. Now, the country's oil reserves are doing the talking. After a string of recent deals between the Iraqi government and foreign oil majors, experts believe that Iraqi oil will transform the global ...

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U.S. Companies Shut Out as Iraq Auctions Its Oil Fields

13 hours ago ago from Aletho News

By Vivienne Walt  | Dec 19, 2009 Those who claim that the U.S. invaded Iraq in 2003 to get control of the country's giant oil reserves will be left scratching their heads by the results of last weekend's auction of Iraqi oil contracts: Not a single U.S. company secured a deal in the auction of contracts that will shape the Iraqi oil industry for the next couple of decades. Two of the most lucrative of the multi-billion-dollar oil ...

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Two Reasons Why Oil Prices Have Been So High Lately

21 hours ago ago from YodZiaN.CoM | Finance and Loan Information

From the 1970?s until 2004 the world has seen oil prices fluctuating but remaining under the $50 per barrel price level. However during 2004 especially in the fourth quarter we saw oil prices at record levels, seriously weakening the US dollar. Since then there seems to have been an increasing amount of reasons to sustain prices at such a high level. The first main reason is due to the war in Iraq, because Iraq is a large oil-producing ...

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Why Doesn’t The Government Build Up The Strategic Oil Reserve?

14 hours ago ago from Management

The news is constantly full of headlines, crude oil inventory at 10, 15, then 17 month highs So why doesn't the government put some of that oil into its strategic reserve?

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Iraq, Shell ink initial deal on Majnoon oilfield on Sunday,CNPC and Total on Helfaya field on Monday

19 hours ago ago from Syrian Oil and Gaz News

Iraq will sign preliminary contracts from today, with oil companies that bid successfully last week for seven fields, oil ministry spokesman Assem Jihad said.   The contracts will then be submitted to the cabinet for final approval.   Today, the consortium comprising Anglo-Dutch firm Shell (60 per cent) and Malaysia's Petronas (40pc), will sign a pre-contract for the development of Majnoon, with estimated reserves of ...

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