Archive | December, 2009

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Iraq Oil Output to Rival Saudi Arabia, if…

BAGHDAD – What was once considered a pipe-dream could become reality: after decades of dictatorship, war and international sanctions, Iraq’s massive oil reserves are set to be tapped proper and the country once known for two overflowing rivers could be crowned oil king. If the seven oil projects awarded to foreign oil companies this weekend, […]

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Oil Companies Eye Iraq’s Multibillion-Barrel Prize

View Larger Map As multinational military forces have left Iraq, international petroleum companies have eagerly descended – seduced by the long-term potential of vast oil reserves off-limits to foreigners for decades. Yet lingering violence, legal questions and political uncertainty make doing business in this country a gamble. In the first international oil auction held last […]

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