1. Pump It Up.
- Author
-
Walt, Vivienne and Lando, Ben
- Subjects
PETROLEUM industry ,PETROLEUM export & import trade ,PETROLEUM reserves ,INFRASTRUCTURE financing ,PETROLEUM prospecting - Abstract
The article discusses the competition among foreign energy companies to secure multibillion-dollar contracts with Iraq to exploit the country's many large oil fields. Researchers believe Iraq's untapped oil reserves have the potential to increase global crude oil supplies and lower prices. Oil companies who win contracts in Iraq will have to upgrade the country's infrastructure which fell into disrepair during the 1990's as a result of economic sanctions against the regime of Saddam Hussein.
- Published
- 2009