Thursday, June 26, 2008

ExxonMobile Helps Qatar Prosper

Why do so many Arabs and leftists have no problem with Qatar, host to CENTCOM, prospering from its business with ExxonMobil, while they bitch and moan about Iraq's recently signed short-term service contract with ExxonMobile and other oil giants?

"In November 2005, ExxonMobil started production at the Al Khaleej block in the North Field at a rate of 750 million cubic feet per day (MMcf/d). In July 2006, the company announced a $3-billion plan to expand this output to 1.6 Bcf/d by 2009, which will be used to fuel power plants and industrial customers in Ras Laffan, the RasGas LNG project, and as feedstock at the Oryx Gas-to-Liquids (GTL) Project. ExxonMobil is the largest foreign investor in development projects at Qatar’s North Field. Aside from Al Khaleej, the company is also involved in increasing natural gas supplies for the RasGas and Qatargas LNG projects, each of which will rely on significant increases in output from the North Field over the next several years (see the LNG Section below for additional details)."

No comments :