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The Patriot
07-18-2012, 06:18 AM
Iraq inaugurates prized southern oil field - Businessweek

07-18-2012 05:24 AM

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Iraq inaugurates prized southern oil field (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFjgkj-51XXuX2TVOQ7-UL-MRSg9A&url=http://www.businessweek.com/ap/2012-07-18/iraq-inaugurates-prized-southern-oil-field)
Businessweek
The consortium will be paid $1.40 for each barrel of oil they extract at the site. Foreign investment is vital for war-torn Iraq to develop after decades of war, U.N. sanctions and neglect. Oil revenues make up nearly 95 percent of the government budget.
Iraq inaugurates major southern oil field being developed by China's CNPC-led ... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEKIzvbTO3Y_9BxqemHZYI96hhkuA&url=http://www.washingtonpost.com/world/middle_east/iraq-inaugurates-major-southern-oil-field-being-developed-by-chinas-cnpc-led-consortium/2012/07/18/gJQAgfDKtW_story.html)Washington Post

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