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Tag: oil extraction

Oil Companies Covering Various Areas Of Iraq

Oil Companies Covering Various Areas Of Iraq

Baghdad says that it has no problem with the Kurdish region to sign deals itself i.e. Kurdistan has right to make its own deals with companies and Kurdistan has also right to control the export of OPEC member’s crude. One of the representative of central government said that we have awarded the contract of Qara Dagh to this company for the extraction of oil. Baghdad says, Chevron has got the big project of oil and this will actually benefit the…

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Oil Extraction, A blessing or Threat

Oil Extraction, A blessing or Threat

Iraq has been blessed with abundant oil resources which are being exploited by the many international oil companies in Iraq. KRG Iraq is very keen to increase its oil productions so that it could generate maximum revenue for the country. With reference to the news posted by Iraq Business News in its oil and gas segment, some US geologists have raised their voice arguing that oil extraction could cause earthquakes. The debate is alive for decades, but no logical and…

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