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Tag: oil fields of iraq

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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Rumors About Iraqi Dinar Revaluation

Rumors About Iraqi Dinar Revaluation

The rumor about Iraqi dinar is that Iraq will not be able to escape from the clutches of chapter 7. The fact of chapter 7 prevents Iraq to operate as a fully independent nation. And at present and at this time of writing this article, Iraq is a free almost from the article 7 or chapter 7. And in 2013, Iraq will be wholly free from this article. This is a very careful estimation and lots of several factors can…

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Iraqi Dinar Revaluation And Role of Oil During This Revaluation

Iraqi Dinar Revaluation And Role of Oil During This Revaluation

Iraq is under the economic progress; Iraq offered the 12 contracts to the world largest oil producing companies as Iraq has the very large ratio of oil wells which are yet to be exploited. And it’s not a problem for the overseas companies to explore the oil wells and refine the oil. This is going to be a great thing for investors who have invested in dinar. You can buy the Iraqi dinar from the Dinar dealers having certifications from…

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New Oil Rigs at Halfaya Oil fields of Iraq

New Oil Rigs at Halfaya Oil fields of Iraq

Being the second largest country in oil reserves, Iraq is spending lots more for the sustainability of oil productions to generate more and more revenue. According to the financial statistics of the Iraq Budget 2013, more than 93% of the total budgeted revenue will be obtained from oil exports. On the 18th of the June 2013 John Lee, a reporter of Iraq Business News reports that Missan Oil Company has announced that two new rigs will be added to the…

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