Revitalizing Iraqi oil, gas sector will cost 25 billion dollars: Iraqi MP

maddezmom

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Wed Jun-29-05 01:05 PM
Original message

Revitalizing Iraqi oil, gas sector will cost 25 billion dollars: Iraqi MP

ISTANBUL (AFX) - Iraq will need an investment of 25 bln usd to renovate its oil
and gas infrastructure, an Iraqi member of parliament told an energy conference
here.

"During the coming five to six years we believe Iraq will need 25 bln usd in
investment for its oil and gas sector," Tamir Abbas Ghadban said.

"This investment can only be made with the help of foreign investors," he said,
noting that Iraq's oil operation has been hampered by sabotage and outdated
equipment.

The country should be in a position to produce 2.5 mln barrels of oil a day by
the end of 2005 and 3 mln barrels by the end of 2006, he said.

More:http://www.iii.co.uk/news/?type=afxnews&articleid=5338944&subject=economic&action=article

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pnorman

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Wed Jun-29-05 01:29 PM
Response to Original message

1. This investment can only be made with the help of foreign investors

Do I hear any "volunteers"?

pnorman

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rodeodance

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Wed Jun-29-05 01:42 PM
Response to Reply #1

2. that is a whole lotta money!!!!1

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underpants

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Wed Jun-29-05 03:33 PM
Response to Reply #1

8. Bremmer's 114 rules (~) included that all Iraqi oil could be owned

foreign interests.

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underpants

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Wed Jun-29-05 03:34 PM
Response to Reply #8

9. So, who cares? This war is going to pay for itself

the guy in charge of the World Bank said so. I mean he must know what he is talking about, how else would he have attained such a lofty place in the Bush administration?

:sarcasm: OFF

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lateo

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Wed Jun-29-05 01:54 PM
Response to Original message

3. Hey...why not make the American taxpayers pay for it?

Brilliant!

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wallwriter

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Wed Jun-29-05 02:12 PM
Response to Reply #3

4. Yes! And let the corporations profit from it!

Brilliant!

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VegasWolf

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Wed Jun-29-05 03:29 PM
Response to Reply #4

7. and let Halliburton get the contract! Genius! nt

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pnorman

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Wed Jun-29-05 02:30 PM
Response to Reply #3

5. No fair!!

You peeked at the answer sheet!!

pnorman

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David Zephyr

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Wed Jun-29-05 03:00 PM
Response to Original message

6. Blackmail by Iraq's Puppet Government. Another similarity to Vietnam.

This is the very same shit that happened in South Vietnam with their ever increasing demand$ which the U.S. taxpayer underwrote.

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PearliePoo2

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Wed Jun-29-05 03:40 PM
Response to Original message

10. remember the "comb-sucking" Wolfie

said Iraqi oil could pay for all the reconstruction and rather quickly too. Hey, GREASEBALL, you better get on it!

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jbane

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Wed Jun-29-05 03:50 PM
Response to Original message

11. Will that keep them from blowing up the pipelines...

Every other day.

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