BP, Exxon propose two-year deals to produce 200,000 barrels more Iraq oil per day…
Plus: *President Talabani meets with Lukoil executives *OMV to start drilling two wells next year in KRG block *Tigris, Euphrates levels affecting gas liquification *Crescent Petroleum’s Majid Jafar Q&A *Much, much more... After several months of negotiations and pressure from the Iraqi government, BP and Exxon Mobil Corp. have finally submitted proposals to the Iraqi […]After several months of negotiations and pressure from the Iraqi government, BP and Exxon Mobil Corp. have finally submitted proposals to the Iraqi oil ministry on technical services contracts to boost production at Iraq's prized oil fields, sources close to the Iraqi ministry said, Hassan Hafidh reports for Dow Jones Newswires. Other oil majors, which have been negotiating similar deals with Baghdad, haven't yet submitted their plans, but they would follow suit, according to these sources.
The Iraqi President, Jalal Talabani, met with a delegation from the Lukoil oil company in Baghdad, PUKMedia.com reports. President Talabani expressed Iraq’s willing to reinforce bilateral relations with the Russian federation in all aspects particularly the oil aspect since it is considered as the main gate toward promoting these relations.
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