A Norwegian company has announced it will soon become the first foreign oil firm to pump crude oil from Iraq in over three decades. The company, DNO, said it will begin producing a small amount of oil from the northern Iraqi region of Kurdistan. For the past 35 years, Iraq’s oil industry has been under state control. The Iraqi Parliament is debating a bill that will open up the country’s vast oil reserves to foreign oil companies. On Tuesday, protesters from the group Hands Off Iraqi Oil gathered in London to demonstrate outside the annual shareholders’ meeting of the oil giant Shell.
Norwegian Oil Company Prepares to Pump Iraqi Oil
HeadlineMay 17, 2007