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Page added on December 17, 2012
Iraq’s Oil Boom Being Felt Far and Wide
Iraq’s post-war production boom is having ramifications both within and beyond its borders.
BP is seeking to redefine the terms of its contract for the giant Rumaila oilfield, the Financial Times reports, proposing to scale back its output target as it struggles with poor infrastructure and export bottlenecks.
Rumaila accounts for about one-third of Iraq’s current oil output and is therefore central to the government’s plans to ramp up output to 3.8 million barrels a day next year and eventually to 12 million barrels a day, which would take it past Saudi Arabia.
4 Comments on "Iraq’s Oil Boom Being Felt Far and Wide"
BillT on Mon, 17th Dec 2012 3:59 pm
More petroholic porn from the gambling casino called Wall Street. Ho hum…
Plantagenet on Mon, 17th Dec 2012 6:12 pm
Pretty smart of the Iraqis to make the unbelievers at BP pay for their oil infrastructure.
DC on Mon, 17th Dec 2012 7:46 pm
Thats funny, the ‘boom’ is merely production being restored to levels comparable to what they were PRIOR to the US’s illegal invasion.
Spin…..
Kenz300 on Tue, 18th Dec 2012 6:05 am
Can you believe anything that comes from WSJ since Murdoch and News Corp bought it?
Just like faux noise they play fast and loose with the facts to support their agenda of being a spokesman for the Republican party and the top 1%.
After the hacking scandal in the UK in which there are alegations of phone hacking, computer hacking, bribery and a cover up it is a wonder than anyone believes what this corporation is selling.