babysnake Posted February 1, 2010 Report Share Posted February 1, 2010 Iraq: Sunday, January 31 - 2010 at 11:13 The Iraqi oil ministry will today sign the final contract over West al-Qarna-2 oilfield with Russia's Lukoil and Norway's Statoil, Aswat al-Iraq has reported. "The two companies pledged to up production to a peak of 1.8 million barrels per day at a rate of $1.15 per barrel of additional produced barrel," oil ministry spokesman, Assem Jihad said. Located in southern Iraq, Qarna-2 has a huge reserve estimated to reach 13 billion barrels. Link to comment Share on other sites More sharing options...
dkkoog Posted February 1, 2010 Report Share Posted February 1, 2010 iraq needs to sign more oil contracts Link to comment Share on other sites More sharing options...
mcour7 Posted February 1, 2010 Report Share Posted February 1, 2010 Hopefully we don't have to wait until production is in place b/c that could be another 5 years. Link to comment Share on other sites More sharing options...
cantwait500 Posted February 1, 2010 Report Share Posted February 1, 2010 hopefully...thats exactly rite.. Link to comment Share on other sites More sharing options...
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