28 February 2003 In talking about possible war against Iraq, Bush administration officials insist that their main objective is not to get their hands on the country’s massive oil reserves. But post-war, fierce competition is almost bound to erupt between US oil firms that have been kept off-limits by the Iraqis, and those — including Russian, Asian, and European companies — that either have firm contracts with the current regime…
Tag: TPAO
Solo Efforts
4 July 2002 Iraq is developing its oil fields with or without foreign help — including the giant fields promised to companies such as France’s Total Fina Elf and Russia’s Lukoil. But the firms are always welcome to hop on board, Iraqi Oil Minister Amer Rashid says. Under a “national effort” launched in 1999, Iraq brought the giant southern Majnoon oil field on stream last year, Rashid says. The field…