Middle East Economic Survey


No 2



Iraq Pushes Forward With 80Bn Barrels Development Program

Iraq is moving ahead with plans to bring in international oil companies to participate in the development of what could well be in excess of 80bn barrels of crude oil and 45 trillion cu ft of gas reserves.

In addition to projects listed in two bidding rounds, both scheduled to be awarded by end-2009, reports indicate the Ministry of Oil is in talks for the development...