CONFIRMATION of a joint venture partner for Gunns’ $2.2 billion pulp mill project was just weeks away, the timber company announced yesterday. Chairman John Gay said the company expected to reach agreement on key terms with a partner by the end of April.
BAGHDAD: Iraq’s Oil Ministry and British firm Mesopotamia Petroleum Company (MPC) yesterday signed a joint venture deal to drill 60 new oil wells per year, starting with oilfields in the south of the country.
Aberdeen-based Ramco Energy has agreed a $400m joint venture with the Iraqi government to provide drilling services to boost flagging oil production in the country.
(RTTNews) - Iraq’s Oil Ministry has signed a joint venture deal with a British oil company to drill 60 oil wells a year in southern Iraq, said oil ministry officials on Thursday.
The first oil joint venture between Britain and Iraq for decades has been set up by Mesopotamia Petroleum Corporation, a small British company that will drill wells for the country’s state-owned oil companies.