Iraqi Vice President Adel Abdul Mahdi said on Wednesday that France’s Total Group opportunities are “very good” to win good contracts in Iraq. This came after he was received by French President Nicolas Sarkozy in Paris .
An official in Kurdistan region stressed that three or four billion barrel of oil were discovered in the area. While Iraqi oil minister stressed too, that his country calls foreign companies to invest in digging oil wells.
South Oil Company in Iraq offered today a tender for establishing crude oil treating plant with 75.000 barrel a day in south al-Rumaila field. … more
Qatar inaugurated in Ras Laffan city “Qatar 2 ” project which is the biggest natural gas project in the world. This line is one of four natural liquid gas line which will be started work this year. … more
Jordanian oil ministry announced an agreement for strategic partnership with British Petroleum Company and four other allied companies to develop al-Risha gas field in Jordan.
Officials in Shell international company stressed that Iraq has huge reserve of gas that put it among of the most ten important producing countries in the world when need of gas decrease internationally to generate electric power.
Emirates News Agency (WAM) said that Abudahbi renewed gas excellence with Royal Dutch Shell ,Total and Partex companies.
United Arab Emirates’ Leader said that the fair price of a barrel of oil is between 70 to 75 dollars, while prices remain volatile, despite the recovery that has occurred in recent times.
Iraq has invited France’s Total (TOTF.PA) and U.S. firm Chevron Corp (CVX.N) to jointly bid against Norway’s StatoilHydro (STL.OL) for a contract to develop its 6 billion barrel Nahr Bin Umar southern oilfield, the Oil Ministry said on Tuesday.
An Iraqi official said that his country will call on international oil companies to invest more than 2.5 billion dollars in installing a refinery with 150.000 barrel a day power in Missan in Iraq.
