According to Iraqi Council of Representatives Oil and Energy Committee member Furat al-Sharei, the 10 oil fields that spread across the Iraqi-Kuwaiti frontier are still waiting to have a line drawn through them to delineate the border, more than eight years after a coalition led by U.S. forces toppled the regime of Iraqi President Saddam Hussein.
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PROTEONOMIX, INC. (OTC.BB:PROT), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, reports that Mr. Michael Cohen, Chairman and CEO, is scheduling a multi-city European road trip to create additional awareness of the Proteonomix, Inc. investment opportunity to institutional investors.
Another Hot Summer in the Middle East Includes Oil and Gas Masks
Intelligence sources in the Middle East have indicated that the summer in the region could turn out to be particularly hot and they're not talking about global warming or the environment. They are referring to the political climate. Of course, predicting future political moves in the Middle East can be accomplished with the precision of guessing what cards your opponent holds in a game of poker.
OPEC Adding to Capacity Amid Concern Supply will Dampen Oil Prices
Iraq Awards Drilling Contract as it Reaches for Ambitious Oil Production Target
Gazprom faces regular opprobrium for its bullying ways of using energy as a pressure and political tool. Seen by some, mostly Russians, as the symbol of a successful and strong Russia, others see it as a dominating juggernaut, economic right arm of the Kremlin implementing, or should we say, imposing its policies by using energy as a weapon.
Iraq Limping Back to Take Control of it’s natural Resources
Iraq has the world's third largest oil reserves, after Saudi Arabia and Iran. Iraq's oil capacity could reach 12 million barrels per day (bpd) in six years.
According to oil pundits, Iraq would overtake Russia and challenge Saudi Arabia for the position of the world’s largest oil producer if a daily total of 12 million barrels was achieved.
Unswayed by Political Risks, Oil Companies Eye Iraq's Multibillion-Barrel Prize
As multinational military forces have left Iraq, international petroleum companies have eagerly descended -- seduced by the long-term potential of vast oil reserves off-limits to foreigners for decades. Yet lingering violence, legal questions and political uncertainty make doing business in this country a gamble.