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Iraq agreements with major oil companies fail { May 2008 } Original Source Link: (May no longer be active)    http://www.breitbart.com/article.php?id=080630132348.o5p2d1bs&show_article=1 http://www.breitbart.com/article.php?id=080630132348.o5p2d1bs&show_article=1 Iraq fails to sign contracts with global oil majors Jun 30 09:24 AM US/Eastern AFP Iraq said on Monday it has failed to sign technical support agreements with global oil majors which were aimed at helping boost the war-torn country's oil production. Iraq is negotiating with Shell, BP, ExxonMobil, Chevron and Total, and a consortium of other smaller oil companies, Oil Minister Hussein al-Shahristani said at press briefing. "We did not finalise any agreement with them because they refused to offer consultancy based on fees, as they wanted a share of the oil," he said. "The TSAs (technical support agreements) are only simple consultancy contracts to help us raise the production during the interim period" before the ministry enters into long-term contracts to develop the oil and gas fields. Last week, oil ministry spokesman Asim Jihad told AFP that it would sign the support contracts on Monday and award longer term deals to 41 other energy companies. Iraq wants to ramp up output by 500,000 barrels per day from the current average production of 2.5 million bpd, about equal to the amount being pumped before the US-led invasion in March 2003. Exports of 2.11 million bpd currently form the bulk of the war-torn nation's revenues, and the oil ministry is keen to raise capacity over the next five years to 4.5 million bpd. Iraq's crude reserves are estimated at about 115 billion barrels, but it is sorely lacking in infrastructure and the latest technology to which it was denied access under years of international sanctions after the 1991 Gulf War. Copyright AFP 2008

After 36 years oil giants return to iraq { June 19 2008 } Blair advisor says war for oil Bp shell gets bulk iraqi crude oil Bush funds shift to oil production and security { September 13 2004 } Cheney 2001 energy task force { July 18 2003 } Cheney eyes iraq before 911 Cheneys oil map { July 19 2003 } Iran US stooge chalabi takes over oil { January 2 2006 } Iraq agreements with major oil companies fail { May 2008 } Iraq government to allow oil privitization { December 11 2006 } Iraq oil ministry control { April 20 2003 } Iraq oil mission successful says reporter { March 20 2006 } Iraq producing less oil than under saddam Iraq unions against oil privatization { November 2006 } Iraqi union protesters fear loss of oil control { June 3 2007 } Iraqi union workers protest oil privatization { June 5 2007 } Iraqi war oil { September 15 2002 } Iraqis fights over foreign oil rights { April 2007 } Iraqis protest theft of sovereignty oil { June 2007 } Iraqis want un control oil cash { May 9 2003 } Israel eyes iraqi oil { April 9 2003 } Israeli firm awarded oil tender in iraq { February 25 2004 } Its the oil { September 23 2002 } Last pipeline oil peak Law keeps central control over oil in iraq { January 20 2007 } Maybe 100 barrel Oil advisor conflict interest { May 16 2003 } Oil output plunges to lowest levels { January 3 2006 } Post war iraq lags in oil production { May 2 2005 } Pre 911 oil contracts { July 18 2003 } Protect oil { January 23 2003 } Re engages oil { September 17 2002 } Russia iraq oil { September 30 2002 } Tricle could become gusher { May 10 2003 } US advised iraqi ministry on oil deals { June 30 2008 } Us asks israel explore reopening pipeline Us wants oil industry control { May 9 2003 } US written iraqi oil law opposed by iraqis War oil stability { February 1 2003 } Western companies to get 75 perc of iraqi oil profits Files Listed: 40

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