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Iraq
Western oil group eyes assets in Iraq
2007-08-23
Hat tip Drudge.
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.
Posted by:Steve White

#1  KOMMERSANT/OTHER > IRAQ = 18.0Bilyuhn new barrels in new field.
Posted by: JosephMendiola   2007-08-23 20:14  

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