English company is committed to its contract on the lifting of Iraqi oil

Technical analysis for crude oil -14 June 2013

The Executive Chairman of stated oil company, the English company was committed to reaching the levels of oil production target in the giant Rumaila in Iraq and re-negotiate the terms of the contract.  Me is one of the major companies involved in the effort to raise oil production to levels of competition top exporter Saudi Arabia, OPEC’s still hope Rumaila to go up to the target level of 2.85 million barrels per day by 2017.

The Iraqi oil minister said in June that Iraq may re-negotiate production agreements with major international oil companies may reduce the ambitious goal to increase the capacity of the country from below three million barrels per day to 12 million barrels per day by 2017. Expected to produce Rumaila developed by me. my association with CNN.. me. C-Chinese, which has reserves of about 17 billion barrels of crude oil has varied sharply in early 2011 due to problems in pressure.

He told reporters on the sidelines of a conference in the UAE capital Abu Dhabi, “There is much that we have to do but there are great opportunities.”

He declined to Dudley to comment on whether I had. My talks with U.S. authorities on the settlement out of court after he delivered the latest report of the blame on me. My last week for the explosion of a well Macondo in April 2010, which killed 11 people and the largest oil spill offshore in the history of the United States.