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Oil Groups to End 40-Year Iraq Exile

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7 May 09 | FT

International oil companies are preparing to go back into Iraq by the end of the year, despite Baghdad’s failure to pass an oil law and continuing concerns over security.

BP and Royal Dutch Shell are among companies expected to bid for oil service contracts next month, with the long-term aim to develop the world’s third largest oil reserves.

In the past week, executives from many of the world’s biggest oil companies — expelled almost 40 years ago — have assured Iraqi officials they plan to commit to working in the country. >>>


Written by Editors

7 May 2009 at 2:15 pm

Posted in Global, Middle East

Tagged with , , ,

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