Wednesday, August 22, 2007

Western oil group eyes assets in Iraq

No this has to be false! We didn't go to Iraq for oil. We went for WMD, or Terrorism, or Saddam
AlQaeda, Bin Laden. I being silly but the fact is oil isnt the only reason Bush threw us into Iraq.
Western oil group eyes assets in Iraq
By Ed Crooks and Javier Blas in London
Published: August 22 2007 22:47 Last updated: August 22 2007 22:47
A large western oil company has offered $700m for oil assets in Iraqi Kurdistan owned by DNO, the small Norwegian oil company. The offer signals that international oil companies are willing to put significant amounts of money into Iraq in spite of the security problems and lack of a legal framework.
DNO refused to name the company, but industry executives speculated that Royal Dutch Shell was a possible bidder. Shell on Wednesday refused to comment.

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