Iraq May Get $4.2 Trillion in Income from Oilfield Developments
Oct. 20 (Bloomberg) -- Iraq may earn $4.2 trillion in revenue from oil fields being developed by international companies after rights for production from the deposits were auctioned last year, Oil Minister Hussain al-Shahristani said.
The Iraqi government will get 99 percent of the revenue from those deposits, al-Shahristani said today opening the country’s third hydrocarbon bid round in Baghdad.
http://www.businessweek.com/news/201...elopments.html
Oct. 20 (Bloomberg) -- Iraq may earn $4.2 trillion in revenue from oil fields being developed by international companies after rights for production from the deposits were auctioned last year, Oil Minister Hussain al-Shahristani said.
The Iraqi government will get 99 percent of the revenue from those deposits, al-Shahristani said today opening the country’s third hydrocarbon bid round in Baghdad.
http://www.businessweek.com/news/201...elopments.html