Dozens of firms (terrorist entities) vie to develop (steal) Iraqi peoples oil reserves

[NNN0LHI]

http://www.iht.com/articles/2008/02/18/business/iraqoil.php

BAGHDAD: More than 70 international companies have registered to compete for tenders to help develop Iraq's oil reserves, seen as vital to financing reconstruction of the shattered country, the Iraqi oil ministry said on Monday.

Iraq produces a fraction of its reserves, among the largest in the world and among the cheapest to exploit. International oil companies have been positioning themselves for years to gain access. Big oil companies like Royal Dutch Shell, Total, Repsol, ConocoPhillips, BP, and StatoilHydro of Norway are among those that have said they have registered or intended to do so.

"We are going to carefully study and check the documentation," said Asim Jihad, an Oil Ministry spokesman. "Next month we will declare the companies which are permitted to work in the Iraqi oil fields."

Iraq produces about 2.3 million barrels of oil a day, dwarfed by its 115 billion barrels of proven crude oil reserves. Only those of Saudi Arabia and Iran are larger.

[sam sarrha]

1. i come from an oil family, we have been drilling an capping for decades, hiding oil, with the new

deep gulf discoveries off florida we have much more oil than all of them combined.