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Statoil Offers help to Iraq

Source: www.gulfoilandgas.com 1/20/2004, Location: Middle East

Advice on rebuilding the Iraqi oil industry after the war has been offered by Statoil in a letter addressed to the country's oil ministry.

This offer covers organisational and technical support rather than specific collaboration projects.

Should a positive response be received from Iraq, it will be up to that country to identify areas in which assistance is required.

The Iraqis have a substantial requirement for help at the moment, and Statoil has considerable expertise in a number of important areas.

Initially, the group is only offering assistance to a country in a difficult position. This could lead in the longer term to direct involvement in exploration and production operations.

Iraq's oil industry has suffered from a lack of investment in new technology. The country has experienced three wars and 13 years of sanctions, and now faces extensive reconstruction.


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