Royal Dutch Shell Plc  .com Rotating Header Image

menafn.com: Iraq allocates $2.5b to boost its oil output

MENAFN: Middle East North Africa Financial Network, Jordan
 
23/03/2008  
  
(MENAFN) An official at the Iraqi government said that Iraq may pay $2.5 billion for five major oil companies to boost the country’s oil output by nearly 25 percent, Iraq Directory reported.

According to the official, Baghdad will sign technical support contracts with BP, Royal Dutch Shell, Exxon Mobil, Chevron and Total to add 500,000 barrels per day (bpd) to the country’s current production of 2.27 million bpd.

More than 100 companies registered themselves to compete for oil exploration and to win contracts services to assist in the development of Iraq’s reserves, which are the third largest reserves in the world.  

http://www.menafn.com/qn_news_story_s.asp?StoryId=1093189904

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.