Iraq Blacklists Chevron over Oil Deal with Kurds
In Baghdad, Chevron gets blacklisted by Iraq in regards to deals they made with Kurds over oil.
On Tuesday, The Oil Ministry states “Chevron can only sign deals when they do not work with the Kurds.” Kurds are known as the world’s largest ethnic population that doesn’t have a homeland of its own. They originated from Kurdistan, and moved throughout Turkey, Iran, Iraq, Syria, and Afghanistan.
Apparently, the Kurds have been with Arab-led Government for quite some time, though the governments have the final say in developing oil and gas resources. But the Kurds wants the constitution to require them to not go through Baghdad, even though Baghdad wants to manage its energy resources nationwide.
On Thursday, California’s-based company had taken over India’s Reliance’s 80% of their shares, when exploring oil on two blocks in the North.
Chevron has recently made the decision that they no longer will deal with Baghdad, due to their recent scams. In overall, the Oil and Gas Industry will work further in depth when participating bids, in the Middle East.
The amount per gallon located in Iraq, due to the Kurds large Investment.
http://www.adn.com/2012/07/24/2553698/iraq-blacklists-chevron-over-oil.html
Not another Oil Spill
This week’s oil spill happened earlier this week on Monday near Elk Point, Alberta. The pipeline is owned by Enbridge. According to Alberta’s Energy Resources, the spill did not enter in any waterways and no one was injured.
“The release occurred Monday at a pumping station about 15 miles from Elk Point, which is about 125 miles east of Edmonton. “
“The spill came from the Calgary Pipeline Company’s Athabasca pipeline, which transports oil from several oil sands projects in northeastern Alberta to a terminal in Hardisty, Alberta. The pipeline can carry 345,000 barrels of oil a day.”
http://www.rigzone.com/news/article.asp?a_id=118742&hmpn=1
Pipelines in Poland
“Exxon Mobil Corp. said Monday it has dropped further shale exploration in Poland after two wells failed to yield commercial quantities of natural gas, a hit for the country’s efforts to reduce its dependence on imports from Russia”
We know that Obama has cancelled the Keystone Pipeline- why not take all our resources and send some workers to the Eastern European countries to build a pipeline? This will not only help out our neighbors but also create jobs for thousands of people.
“Analysts have said that Poland and other Eastern European countries faced a big challenge for developing unconventional energy resources, owing to a lack of infrastructure and manpower. Unlike the U.S. and Canada, Poland doesn’t have a well-developed pipeline system to move gas from the fields it is produced to where it is consumed, nor the strong drilling services industry needed to tap shale reservoirs.”
http://rigzone.com/news/article.asp?a_id=118675
