Word: repsol
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...them first crack at Iraq's 112 billion barrels of known oil - worth at least $3 trillion at today's prices - as well as unexplored fields. Non-U.S. firms have over 30 deals with Iraq waiting to take effect when sanctions are lifted; France's TotalFinaElf, Spain's Repsol, and Italy's Eni all have Iraqi interests worth millions of dollars. But Russia is king: in the Qurna oil field alone, Russia's Lukoil holds a majority stake in at least 11 billion barrels. When President Vladimir Putin hardened his antiwar stance last week during British Prime Minister Tony...
...Quito Nearly five months after their abduction, seven foreign oil workers were freed in a jungle region of Ecuador. The men-four Americans, a New Zealander, a Chilean and an Argentine, were taken from an oilfield owned by Repsol YPF, a Spanish-Argentine company. Their employers paid a $13 million ransom before they were set free. The abductions have been attributed to either Colombian guerrillas or "common criminals...