VOL. XXXV

NO. 5

4-NOVEMBER-1991

Iraq

Iraq Pursues Campaign to Attract Foreign Firms for Oil-field Development

MEES understands that the Iraqi Ministry of Oil has been holding talks duringthe past few months with at least one large European oil company regarding thedevelopment of the giant Majnoon oil field in South Iraq. Majnoon, originallydiscovered in 1976, contains an estimated 7bn barrels of reserves ofoil-in-place. It is understood that the Iraqi oil authorities offered thecompany in question...