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Iraq Shiites looking to Expand North You Say!!

I guess since the Shiites are the only ones in southern Iraq, that are producing any oil for the entire country, they are looking for new opportunities. Heading north to visit and look at conducting business in the Kurdistan area of Iraq and in search of other business or maybe get on in some of those oil deals.

These are the companies that have been reported and talked about that have signed oil contracts with the Kurds. The oil contracts are in opposition with the oil ministry in Baghdad as you all know. The Kurds have stated that they are not going to give up their oil rights. I guess their rather stick with the smaller oil companies then have Dutch Shell or ExxonMobil in there area with the best possible technology and know how.

I think if I had my choice of ExxonMobile or one of the smaller oil companies that have already signed oil contracts with the Kurds, I think you know who I would go with. When you make 10 billion in one quarter it’s a no brainer.

1. DNO of Norway

2. Petoil of Turkey

3. Ganel Energi of Turkey

4. Western Oil Sands of Canada

5. Heritage Oil of Canada

6. Woodside of Australia

7. Addax Petroleum of Switzerland

Japan Oil pending

Posted by American Contractor on June 9, 2006 10:19 PM |

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