Mr. Shaman
Well-Known Member
- Joined
- Nov 27, 2007
- Messages
- 7,829
It's (apparently) taken this-long, for the Oil Boys (in Iraq) to realize who The DICK was WORKING-for!!!!!!!!!!!
"By the end on Saturday of a two-day bidding round for 10 oil contracts -- the second auction since the 2003 U.S. invasion -- Iraq had received pledges from oil firms to boost its output by 4.765 million barrels per day, almost double its current output.
If all deals from a first auction in June, the second this weekend and others being negotiated are added to national production, Iraq will have a capacity of 12 million barrels per day, overtaking Russia and challenging Saudi Arabia's 12.5 million bpd, Oil Minister Hussain al-Shahristani said.
Oil majors from the United States appeared conspicuously uninterested in the fields on offer in the second round, confounding expectations that they might end up with the lion's share of Iraq's oil sector as a result of the U.S.-led war.
On the first day of the auction on Friday, the 12.6 billion barrel supergiant Majnoon field went to a partnership of Royal Dutch Shell and Malaysia's Petronas.
The Russian company's win of West Qurna is made sweeter by the fact it had lobbied unsuccessfully since the 2003 U.S. invasion to revive a Saddam Hussein-era contract for the field."