Chevron Reportedly in Talks to Tap Iraq's Oil

[babylonsister]

Chevron Reportedly in Talks to Tap Iraq's Oil
By David R. Baker
The San Francisco Chronicle

Tuesday 25 March 2008


Chevron Corp. and other international oil companies are negotiating with the Iraq Ministry of Oil to begin tapping into some of the country's largest oil fields, according to published reports.

Specifically, the companies are negotiating for two-year contracts that would help Iraq boost production at existing oil fields.

For years, the companies have had their eyes on long-term contracts to find and develop new oil fields in Iraq, which is believed to hold the world's third-largest oil reserves. The contracts under discussion are far more limited than that, but they represent an important step in opening Iraq's oil industry to foreign involvement after years of state control.

San Ramon's Chevron already has held discussions with the Iraqi Oil Ministry about one of the short-term contracts, according to reports in the Associated Press, Dow Jones, Reuters and United Press International news services. BP, Exxon Mobil, Shell and Total also are pursuing the contracts.

Chevron won't confirm or deny those reports, a company spokesman said Monday. But Chevron has repeatedly expressed an interest in Iraq. The company has provided free technical training to Iraqi oil engineers in the five years since the U.S.-led invasion ousted Saddam Hussein.

"Generally, Chevron is interested in helping Iraq :eyes:develop its industry, and we'd very much like to partner with them to help fulfill the government's production objectives," said spokesman Kurt Glaubitz.

more...

http://www.truthout.org/docs_2006/032508T.shtml

[gateley]

1. NOW can we leave???

Is this the REAL "Mission Accomplished"?

[billybob537]

2. Condoleeza's oil co

Google image "chevron Condoleeza Rice"
http://www.aztlan.net/oiltanker.htm

[jmowreader]

4. That is a REALLY shitty Photoshop

[IDemo]

3. "we'd very much like to partner with them"

Missionary position accomplished!