Global Business News

BP Wins Iraq Oil Contract

An oil consortium led by British Petroleum has won a contract to develop a large oil field in Iraq, as dozens of international firms compete for the rights to the nation's oil and gas reserves.

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Tags: Iraqi Oil, BP, Sinopec, BP Consortium, Oil Minister Hussein al-Shahristani, Baath party, nationalized, Iraq Petroleum Company, Global Economic News, Global Development News, Global Best Practices, China's CNPC, Rumaila oil field,

Filed under // Baath party BP BP Consortium China's CNPC Global Best Practices Global Development News Global Economic News Iraq Petroleum Company Iraqi Oil nationalized Oil Minister Hussein al-Shahristani Rumaila oil field Sinopec

Posted by Kxlsyd

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The Scramble For Iraq's Sweet Oil

With proven oil reserves of around 112 billion barrels and up to another 150 billion barrels of probable reserves, Iraq is the greatest untapped prize for international oil companies. To put that in context, if Iraq does turn out to have around 300 billion barrels of oil, it will rival the world's biggest producer Saudi Arabia - which has around 160 billion barrels of proven reserves.

Tags: Iraq, Kurdistan, KRG, Ashti Hawrami, Baghdad, DNO, Norway, Al-Shahristani, Iraqi Sweet Crude, Federation of Iraqi Oil Workers Union, Tawke Oil field, Exxon, Shell, BP, Total, Iraq's South Oil Company, Global Economic News,

Filed under // Al-Shahristani Ashti Hawrami Baghdad BP DNO Exxon Federation of Iraqi Oil Workers Union Global Economic News Iraq Iraq's South Oil Company Iraqi Sweet Crude KRG Kurdistan Norway Shell Tawke Oil field Total

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BP Wins Iraq Oil Contract

The Scramble For Iraq's Sweet Oil