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Exxon, Shell to develop Iraqi oil

The Concord Monitor -- Exxon Mobil and Royal Dutch Shell signed a deal yesterday with the Iraqi Oil Ministry to develop a major field, marking the first foray by a U.S.-led consortium into Iraq's promising but uncertain oil industry.

The agreement, the second of its kind signed this week, suggests that foreign companies that initially balked at the terms the ministry offered at a public auction in June now think the prospect of eventually tapping into Iraq's vast oil reserves outweighs the risks. Oil Minister Hussain Shahristani called the deal "another huge achievement in the pursuit of rebuilding this country."


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Submitted Nov 06, 2009 By: RxHugh
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dranske Car icon
Champion Author Miami

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Message Posted: Nov 7, 2009 9:28:43 AM

Unfortunately it is Iraq again...
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Champion Author San Diego

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Message Posted: Nov 7, 2009 8:48:13 AM

With our interest in their economy growing we may never get out of Iraq.
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Champion Author Indiana

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Message Posted: Nov 7, 2009 8:37:49 AM

Oh boy, here we go.
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Champion Author Michigan

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Message Posted: Nov 7, 2009 6:45:30 AM

The rich just got richer!!
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Champion Author Little Rock

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Message Posted: Nov 7, 2009 5:52:10 AM

Yes we will step in and help we are just that kind of people to help when needed (Ha, Ha, Ha, Ha, Ha Money, Money, Money, Money, Money Everybody's got a price,Everybody's gonna pay Cuz the Million dollar Man, Always gets his way Ha, Ha, Ha, Ha, Ha Money, Money, Money, Money, Money Some might cost a little, some might cost a lot But I'm the Million Dollar Man,
And you will be bought Ha, Ha, Ha, Ha, Ha Money, Money, Money, Money, Money
Ha, Ha, Ha, Ha, Ha Money, Money, Money, Money, Money Ha, Ha, Ha, Ha, Ha
Money, Money, Money, Money, Money)
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Champion Author Manitoba

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Message Posted: Nov 7, 2009 4:01:00 AM

This is an amazing development. I would never have guess any North American company would be allowed to setup business in Iraq?
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All-Star Author Calgary

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Message Posted: Nov 7, 2009 2:02:44 AM

Exxon and Shell will rebuild their profits too!
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Champion Author Tallahassee

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Message Posted: Nov 7, 2009 1:40:09 AM

How did our oil get under their land?! We didn't invade them and occupy them for almost seven years for nothing.
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All-Star Author Portland

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Message Posted: Nov 7, 2009 1:37:43 AM

OK, but remember : China not sleeping !
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Champion Author New Hampshire

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Message Posted: Nov 6, 2009 11:18:38 PM

Thar's earl in them thar hills! Let's dig it!
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Champion Author Illinois

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Message Posted: Nov 6, 2009 10:54:43 PM

after all of this time, they are just now getting around to getting those wells going again?
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Champion Author Cincinnati

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Message Posted: Nov 6, 2009 10:09:08 PM

Too little, too late.
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