Word: day
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Dates: during 2000-2009
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...companies now are agreeing to Iraq's $2-a-barrel offer. In mid-November, Italian oil executives from ENI flew to Baghdad to sign a deal on Zubair, a southern Iraq field with about 4.1 billion barrels of reserves. ENI plans to pump about 1.1 million barrels a day from Zubair in partnership with California-based Occidental Petroleum and South Korea's Kogas. ENI was quickly followed by ExxonMobil and Royal Dutch Shell, which agreed to produce about 2.3 million barrels a day in another giant field called West Qurna. Combined with BP-CNPC's anticipated output from Rumaila, "those...
...about 65 billion barrels. Though it will earn only $2 a barrel, BP says it aims to keep expenses down by using low-cost Chinese labor and equipment. The group promised Iraq's government that it will nearly triple the field's output from 1 million barrels a day to about 2.8 million barrels a day in just seven years. "We see this as the beginning of a long-term relationship," BP's chief executive Tony Hayward said in a statement...
...daunting technical and other challenges. Iraq's oil industry has limped along for years on creaking old equipment, patchwork pipeline networks and decayed, rusted port facilities; Saddam-era sanctions largely prevented the industry from upgrading to state-of-the-art equipment. The country produces just 2.5 million barrels a day, down from 2.8 million barrels before the U.S. invasion and a sharp drop from its high of 3.7 million barrels in 1979, when Saddam boosted production to finance his calamitous war with neighboring Iran. A government adviser recently told Britain's Independent newspaper that only about one-third...
...power. Shahrastani is under fire from opposition politicians, who are complaining of widespread corruption and mismanagement in his ministry. In addition, oil contracts signed during the past five years with the Kurdistan Regional Government, whose three semiautonomous Iraqi provinces until recently exported about 100,000 barrels of oil a day, have been declared illegal by Baghdad, forcing Kurdish leaders to halt exports in October...
...that achievement. It can be answered with another question: Which lessons and why would he want to learn? Obama skipped the 20th anniversary of the fall of the Berlin Wall when all the national leaders in the E.U. zone and the Russian President were there to commemorate the historical day not only of the fall of Berlin Wall but also of the collapse of communism. He didn't even want to be there to be part of it. It was a bad decision on his part not to be there to signify the role of the U.S. in Europe both...