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Iraq cancels joint venture company with Ramco to drill 60 new oil wells

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MamaEhrhardt



Iraq cancels joint venture company with Ramco to drill 60 new oil wells
2009-07-30 2:13 م 2009-07-30 2:13 PM


. Baghdad \ follow-up commented: abolished the Iraqi Drilling Company joint venture agreement with Mesopotamia Petroleum Company of the Ramco result of a lack of commitment Mesopotamia deadline to confirm the funding.

According to Ramco that Mesopotamia was the direct talks with the Iraqi Oil Ministry to extend the deadline to confirm the financing of the joint venture. The company, which invests in energy, based in the United Kingdom that ended the Iraqi Drilling Company joint venture agreement with Mesopotamia Petroleum, the seventh day of July after the failure of the last confirm 44.1 million to meet the obligations of the initial capital to maintain its share amounting to 49 percent in the draft Iraqi oil services company.
The two companies signed a joint agreement on February 26 to drill 60 new oil wells per year to begin drilling in the fields of southern Iraq. Ramco has about a third of Mesopotamia Petroleum.

http://74.125.91.132/translate_c?hl=en&sl=ar&u=http://iraqmc.com/%3Fp%3D9346&prev=/search%3Fq%3Dwww.nahrain.com%26hl%3Den%26sa%3DG&rurl=translate.google.com&usg=ALkJrhhgYbuJLLl2-NjhsoIeqbMJr0Orvw
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fields of southern Iraq.<--Wonder if it had something to due with the Oil Union workers in the Southern area?? They are not real happy big oil will be coming in there area.

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