Sunday, January 17, 2010

From the "It's All About Oil" File....

...Shell signs Iraq oil field deal
"Oil giant Shell and Malaysia's state-run Petronas oil company finalised a contract on Sunday to develop Iraq's giant Majnoon oil field.

In December Shell and Petronas beat a rival bid from France's Total and China's CNPC to develop the 12.6bn barrel field in southern Iraq."
[---]
"The deal was signed at Iraq's Oil Ministry in the presence of Iraqi Oil Minister Hussain al-Shahristani and Mounir Bouaziz, an executive of Shell Gas and Power."
Iraq Signs Majnoon Oilfield Agreement With Shell, Petronas
"Shell is the lead operator and will hold 45 percent, with Petronas holding 30 percent. The Iraqi state holds 25 percent of participating interests in all groups, according to Shell’s statement."
Iraq to sign final deal with Eni group for Zubair
"Eni and its partners won the right to develop the 4 billion barrel oilfield last year following the country's first auction of oilfield contracts since the 2003 U.S. invasion."
[---]
"It is one of a series of agreements that could catapult Iraq to third place from 11th among global oil producers, with output capacity of 12 million barrels per day, and give it the billions it needs to rebuild after years of war and economic decline."
[---]
"Eni and partners Occidental Petroleum Corp and South Korea's KOGAS 03460.KS are targeting output for the field of 1.2 million barrels per day after adding additional reserves."
Let me see, now. Royal Dutch Shell's headquarters is in The Netherlands, Petronas is Malaysian, Eni is Italian and Kogas is, well, as it says, Korean. Only Occidental is American. Something's not right here. Where's Halliburton?

2 Comments:

Blogger SnoopyTheGoon said...

Uhu... next you shall hear that all these names are just a cover for Halliburton...

January 19, 2010 4:41 am  
Blogger Louise said...

That explains it!

January 19, 2010 6:19 am  

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