Energy companies join to develop Iraq oil field

Source: Toranto Star

Energy companies join to develop Iraq oil field

Apr 20, 2007 04:30 AM

Ivanhoe Energy Inc. has signed a partnership deal with Japan's Inpex Corp. to develop an oil field in Iraq that Ivanhoe believes is suitable for its heavy-oil upgrading technology.

Ivanhoe Energy CEO Joe Gasca said yesterday he hopes the deal will be the first of many around the world based on the technology, which Ivanhoe acquired when it bought Ensyn Group Inc. last year.



Read more: http://www.thestar.com/Business/article/205280

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http://www.canada.com/nationalpost/financialpost/story.html?id=d76b177c-361a-42c7-b9af-f96b7eac46ee


Japanese firm joins Ivanhoe's Iraq project
Oil venture still waiting for government OK

Michael Erman, Reuters
Published: Friday, April 20, 2007
NEW YORK - Canada's Ivanhoe Energy Inc. said yesterday Japan's INPEX Holdings Inc. will join it in a venture that is considering bidding on a heavy oil field in northern Iraq.

Ivanhoe signed a memorandum of understanding with the Iraqi Ministry of Oil to evaluate the Qaiyarah oil field in northern Iraq in October, 2004. The field is near, but not in, the largely autonomous Kurdistan region, the company said.

"It's important to have credibility in the bidding process," Ivanhoe co-chairman Robert Abboud said in an interview.


Font: ****"This partnership makes a very credible bidding applicant from the standpoint of experience, knowledge and financial capabilities."

Ivanhoe said it has received approval from the oil ministry for INPEX's participation.

..more..

Can this be for real? Surely he was one of the Crusaders? (I know he was fictional) but none the less...

How crass!

And now the actual stealing of the oil.

How crass!

:puke:

who is the auctioneer? Could it be Bush and friends?