DUBAI (AFX) – Modernising Iraq’s oil sector will cost up to US$40 billion, said Peter Robertson, vice chairman of Chevron Texaco Corp. “It will cost US$30 to $40 billion to bring Iraq’s oil sector up to modern standards and have a sustainable production rate of two to three million barrels per day,” he told the…
IRAQ: Chevron Texaco says US$40 billion needed to rebuild oil industry
Posted on September 12, 2003 by EnergyAsia