Posts Tagged ‘oil recovery’
23 March 2007
UK supermajor BP is staying away from Iraq’s northern Kurdish region, to avoid antagonizing the central government in Baghdad. However, despite the Iraqi government’s recent approval of a draft hydrocarbon law, BP will not venture into the country until there is a rule of law and it can be sure that contracts signed with the existing authorities would survive political change, a senior company executive said.
“Every country has changes of governments and Iraq will be no exception. What is important from our perspective is that there …