IRAQ: President in favour of France's Total working in its oilfields
Local French Business Updates
Iraqi President Jalal Talabani told business leaders in Paris Wednesday that he wanted to see the French energy giant Total working in his country's oil fields. A senior Total executive confirmed that the company is preparing bids.
Source: France 24
Iraq Oil Production
A general Thread about Oil Production in Iraq. What is the level of Iraq Oil & Gas Exploration and are the Petroleum Refineries able to keep up with local demand?
Iraq oil exports hit 25-year high in February:
Iraq exported 2.8 million barrels of oil per day in February, a top minister said Saturday, a sharp month-on-month gain and the highest such figure in at least a quarter-century. Ref. Source 7
ISIS captures biggest oil refinery in Iraq - reports :
In Iraq, Sunni militants from ISIS have reportedly seized the country's largest oil refinery, in the town of Baiji. Two weeks ago they launched a ruthless insurgency campaign, capturing key cities and large swathes of land. They still have Baghdad in their sights. Ref. Source 6
ISIS earning $1M per day from Iraqi oil smuggling:
Since invading huge swaths of northern and central Iraq, the Islamic State of Iraq and al-Sham (ISIS) has been smuggling increasing amounts of crude scavenged from Iraq's stricken oil infrastructure to buyers in the Kurdistan region, earning the extremist group an estimated $1 million per day Ref. Source 8
And what if they get the oil? It is theirs, they have been living there for centuries. I get the feeling that some think that others don't deserve something because its worth too much.
International Level: New Activist / Political Participation: 11 1.1%