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Showing posts with label Rumaila field. Show all posts
Showing posts with label Rumaila field. Show all posts
Wednesday, July 1, 2009
Oil Companies Reject Iraq's Contract Terms
Iraq awarded a BP led consortium the right to develop the giant Rumaila oil field but failed to strike deals for seven oil and gas fields as companies balked at the country's contract terms. The outcome raised questions about how quickly Iraq could rehabilitate its oil sector, which has suffered from years of war and neglect. The country relies on oil sales for more than 90% of government revenue. Iraqi officials hailed the sole award for the Rumaila.....Complete Story
Labels:
BP,
Gasoline,
inventories,
Iraq,
oil and gas fields,
Rumaila field
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