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Iraq OIL!

by Open-Publishing - Tuesday 30 June 2009

International Governments Energy

Iraq OIL!
You blinked... there are a lot of distractions out there.

Iraq Papers Mon: Sandstorm Delays Oil Tenders
New Kurdistan Constitution "A Bomb"!
By AMER MOHSEN 06/28/2009 5:40 PM ET
al-Bayyna al-JadeedaAccording to al-’Arabiya, a freak sandstorm that has enveloped Baghdad has apparently postponed the controversial tendering process for Iraqi oil and gas fields, which was supposed to be launched over two days, starting today, by the Iraqi Oil Ministry.

In the “first round” of contracts, whose launch is now postponed till tomorrow, several giant oil fields containing over 40 billion barrels of proved reserves will be given up for development by foreign companies. For the sake of comparison, that amount represents more than double the entire proved reserves of the US. And in an age where control over oil deposits is shifting away from private companies to sovereign states, the Iraq oil bounty has attracted most of the big names in the international energy industry. ...

http://www.iraqslogger.com/index.ph...