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July 23, 2008 8:57:13 PM CDT

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Stories related to: Iraq oil

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8 Stories

  • July 2008

    • Would-Be Oil Barons Venture Into Kurdistan

      newser  |  Wall Street Journal  |  Jul 9, 08 3:50 PM CDT

      Would-Be Oil Barons Venture Into Kurdistan

      Kurdistan, Iraq’s mostly autonomous northern region, is brimming with oil, but the big oil companies won’t touch it. The Kurdish government gladly hands out exploration contracts, but taking one invites the wrath of the central government in Baghdad. That’s left the forbidden fruit to “wildcatters,” old-fashioned, small-time oil explorers willing to take big risks, the Wall Street Journal reports. More »

      Tags

      Iraq  • Kurdistan  • Northern Iraq  • Iraq oil  • oil exploration

    • White House in Loop on Troubling Iraq Oil Deal

      newser  |  New York Times  |  Jul 3, 08 3:04 AM CDT

      White House in Loop on Troubling Iraq Oil Deal

      The State Department was fully aware that a Texas firm linked to President Bush planned to sign a controversial Kurdistan oil deal that undermined the Iraqi government, reports the New York Times . Documents released by a congressional committee yesterday reveal that Hunt Oil—run by a close associate of the president—kept the administration up to date on its plans, which some US officials appeared to welcome. More »

  • June 2008

    • Big Oil Deals Absent as Iraq Opens for Bids

      newser  |  Associated Press  |  Jun 30, 08 11:13 AM CDT

      Big Oil Deals Absent as Iraq Opens for Bids

      The Iraqi government opened six oil fields to bidding today, without mention of expected no-bid contracts with big Western oil companies, the AP notes; it had been reported that several big companies were close to signing short-term deals with Iraq's government. "There is no preferential treatment for anyone, no matter who," a spokesman said. More »

      Tags

      Iraq  • BP  • Chevron  • Iraq oil  • Exxon Mobil  • Royal Dutch Shell  • Total SA

    • Oil Giants to Return to Iraq

      newser  |  New York Times  |  Jun 19, 08 4:20 AM CDT

      Oil Giants to Return to Iraq

      Four big oil companies chucked out of Iraq by Saddam Hussein 36 years ago are ready to return, the New York Time s reports. BP, Exxon Mobil, Shell and Total are about to announced winning coveted no-bid contracts to service Iraqi oil fields. The contracts are short-term, but the firms hope to significantly boost the country's oil production and win even bigger deals to develop huge new fields. More »

      Tags

      Iraq  • oil companies  • Chevron  • Iraq oil  • Shell  • Exxon Mobil

  • April 2008

    • Iraq to Net Record $70B Oil Windfall

      newser  |  Wall Street Journal  |  Apr 30, 08 2:58 AM CDT

      Iraq to Net Record $70B Oil Windfall

      US analysts estimate that record-breaking oil prices and a fall in insurgent attacks on pipelines will boost Iraq oil revenue this year to $70 billion—double earlier estimates, the Wall Street Journal reports. The latest figure has sparked a call among US lawmakers to demand that Iraq pay more of its reconstruction costs. But the White House has warned that slashing aid could prolong the war. More »

      Tags

      Iraq  • oil price  • oil production  • Iraq oil  • Iraq reconstruction

  • October 2007

    • Turkey's Threats Send Oil to Record High Near $88

      newser  |  Bloomberg  |  Oct 16, 07 8:32 AM CDT

      Turkey's Threats Send Oil to Record High Near $88

      Crude oil hit yet another record today, trading near $88 a barrel over fears that a looming Turkish attack on Northern Iraq would disrupt pipelines in the world’s third-largest oil producer. Turkey’s PM said he expected parliament to approve an incursion to root out PKK militants in the Kurdish region, through which Iraq ships most of its crude. More »

      Tags

      Iraq  • oil price  • Turkey  • crude oil  • OPEC  • Kurdish Militants  • Iraq oil

    • Oil-for-Food Tycoon Pleads Guilty

      newser  |  Reuters  |  Oct 1, 07 5:00 PM CDT

      Oil-for-Food Tycoon Pleads Guilty

      Oil magnate Oscar Wyatt pleaded guilty to conspiracy today, ending his trial on federal charges that he paid Saddam Hussein's government millions to secure oil supply deals in  the UN oil-for-food program scandal. The 83-year-old Wyatt will serve 18 to 24 months in prison and give up $11 million, Reuters reports. More »

      Tags

      United Nations  • Iraq oil  • Oscar Wyatt  • Oil for Food program

  • April 2007

    • Big Oil Shut Out Of Iraq Deals

      newser  |  CNN  |  Apr 6, 07 8:24 AM CDT

      Big Oil Shut Out Of Iraq Deals

      U.S. oil companies are far from first in line as Iraq doles out its initial oil contracts.   China, India—even Vietnam and Indonesia—have the inside track instead, thanks to contracts and infrastructure dating back to the Saddam regime, and more positive Iraqi sentiment. "They have no involvement with the secular or ethnic people," an Iraqi energy analyst says. "The conditions favor them." More »

      Tags

      Iraq  • China  • India  • United States  • oil  • business  • Indonesia  • Vietnam  • ExxonMobil  • fuel  • BP  • Exxon  • Chevron  • Iraq oil  • Shell

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