Wednesday, October 18, 2006
Iraq - China plans to drill for oil
Oil
An Iraqi executive said Chinese companies have dismissed security threats and plan to drill for oil in Iraq. The executive said Iraq approached China to participate in the project. Dathar Al Khashab, general manager of Midland Refineries Co./Daura Refinery, told the American Petroleum Institute annual meeting in San Antonio, Texas that China was approached after U.S. companies refused to work in Iraq.
Al Khashab did not provide details of the oil exploration projects offered to China. "Please help," Al Khashab told U.S. oil executives. "Please be brave enough to go to Iraq. Don't just sit there and wait on the opportunity." Iraq has failed in its efforts to raise oil production to 2.5 million barrels per day. The effort has been hampered by Sunni insurgency attacks against oil facilities, pipeline and employees.
An Iraqi executive said Chinese companies have dismissed security threats and plan to drill for oil in Iraq. The executive said Iraq approached China to participate in the project. Dathar Al Khashab, general manager of Midland Refineries Co./Daura Refinery, told the American Petroleum Institute annual meeting in San Antonio, Texas that China was approached after U.S. companies refused to work in Iraq.
Al Khashab did not provide details of the oil exploration projects offered to China. "Please help," Al Khashab told U.S. oil executives. "Please be brave enough to go to Iraq. Don't just sit there and wait on the opportunity." Iraq has failed in its efforts to raise oil production to 2.5 million barrels per day. The effort has been hampered by Sunni insurgency attacks against oil facilities, pipeline and employees.
