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cheapbag214s · Posted: Wed 10:50, 06 Nov 2013 Post subject: United Arab Emirates

Dragon Oil, Kuwait Energy to work in Basra
DUBAI,[url=http://www.chronotime.net/]louboutin men[/url], United Arab Emirates, Jan. 29 () -- Dubai's Dragon Oil said it was joined by independent Kuwait Energy in receiving permission from Baghdad to start oil exploration work in Basra province.The Iraqi Oil Ministry signed a final service contract for Dragon Oil and Kuwait Energy to work in Block 9, a 347-square-mile site in southern Basra.The companies said they're eligible for a 20-year development project should Block 9 find commercial reserves during a five-year exploration period. Neither party gave a reserve expectation."We look forward to continue participating in the development of Iraq's energy resources,[url=http://www.chronotime.net/]cheap christian louboutin shoes[/url], and supporting the country's endeavors toward the development of its energy sector," said Kuwait Energy Chief Executive Officer Sara Akbar in a statement.Disputes between the central government in Baghdad and the semiautonomous Kurdish government of northern Iraq have plagued the country's oil sector.In its report for January,[url=http://www.apollo13show.com/]michael kors handbags outlet[/url], the Organization of Petroleum Exporting Countries said Iraq was among members who saw oil production decline.