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Iraq To Rival Saudi Arabia in Oil Production
23 hours ago ago from Muslims Against Sharia
I’ve always argued that oil was as a factor in the U.S. decision to invade Iraq–not THE only factor, but a factor. U.N. sanctions and then general instability prevented Iraq from reaching its full potential as an oil exporter. If Iraq became a democracy and increased oil output, it would strategically benefit the free world in great ways. Now, don’t misunderstand me. I don’t believe that the U.S. wanted oil companies to pillage Iraq. ...
Related contentU.S. Companies Shut Out as Iraq Auctions Its Oil Fields
5 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 ...
Related contentWill There Be Many Monopolies In The Country When The Price Of Oil Has Driven Small Co’s Out Of Business?
7 hours ago ago from Morrison-Trucking.com
High priced oil not only effects freight companies, but also any manufacturer that uses many chemicals. When only the largest companies are left, what prices will we pay for everything because of the inflated oil price as well as the lack of competition between businesses offering the same services and/or products? Many freight carriers are going out of business now. Trains are being used more but trucks are still needed for deliveries to ...
Related contentOPEC near agreement on the oil
18 hours ago ago from Finance Time World
The oil industry is going through a good morning. The encouraging news from the front of OPEC, which seems about to reach an agreement with non-OPEC producing countries, have controlled lease oil prices, now at $ 18, stable compared to yesterday. A positive impact on companies of the sector, with the front row, the Spanish [...]
Related contentOil companies get Iraq fields
23 hours ago ago from CityNewsJunkie.com
Posted by admin on 12/20/09 Categorized as Johannesburg Oil companies from across the globa will gain lucrative oil fields in Iraq as the embattled country signs preliminary contracts. Comments are closed.
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OPEC looks likely to hold output steady in Angola
5 hours ago ago from U.S. News
OPEC looks likely to hold output steady in Angola LUANDA, Angola (AP) -- OPEC hasn't touched its oil production targets for a year, and with the economy still shaky oil ministers gathering for Tuesday's meeting in this African capital are unlikely to go tinkering with them now. Saudi Arabia's oil minister underscored that sentiment just last week. Ali Naimi, who represents OPEC's most powerful member, told the London-based Arabic daily ...
Related contentIraq Says Iranian Troops Left Oil Well
2 hours ago ago from The New York Times
BAGHDAD Iraq said Sunday that Iranian soldiers who had been occupying part of a disputed Iraqi oil field had withdrawn, ending a three-day standoff that had strained relations between the countries. But Labeed Abawi, Iraq's deputy foreign affairs minister, said some Iranian troops remained in Iraq late Sunday. They withdrew from the field, but they are not completely out of Iraqi territory, he said. Mr. Abawi said representatives of the ...
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