The Azerbaijan State News Agency

WORLD

BP AND SHELL TO TRANSPORT IRAQ’S OIL

25.07.2003 [22:04]
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British Petroleum and Shell companies have been enlisted to the 10 international companies, which are privileged to transport Iraqi oil.

Transportation Tender has been held by the Ministry of Oil Industry of Iraq. According to the agreement signed with these companies, since August, BP and Shell will monthly export 2 million barrels of oil from Iraq.

Contracts have also been signed with “Chevron Texaco”, “Conoco Philips” and Chinese company “Sinopec”.

During his address in the National Press Club, Head of the US Interim Administration in Iraq Paul Bremer stated that the process of restoration of Iraqi economy will take about three years at the cost of hundreds billions dollars.

P. Bremer contends that elections in Iraq may take place in 2004. However, it will depend on terms of the New Constitution’s adoption.