Business | Oil & Gas
Crescent Petroleum's plans for Iraq oil exploration to be reviewed
Sharjah-based Crescent Petroleum yesterday said its plans for oil exploration in war-battered Iraq are progressing and a further review would be conducted next month.
- By Stanley Carvalho, Staff Reporter
- Published: 00:00 September 18, 2006
Abu Dhabi: Sharjah-based Crescent Petroleum yesterday said its plans for oil exploration in war-battered Iraq are progressing and a further review would be conducted next month.
"Technical teams from the two sides are expected to meet next month to review the basic seismic and well data of the block and agree on the detailed study and training programmes," a company statement said.
This came in the wake of the first meeting of the Joint Steering Committee for technical cooperation between Crescent Petroleum and Iraq's Ministry of Oil in London last week.
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
