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Halliburton planned to move its headquarters to Houston in 2002. [89] Halliburton, which signed its lease to occupy a portion of 5 Houston Center in Downtown Houston in 2002, [90] moved its headquarters there by July 2003. [91] Halliburton occupied 26,000 square feet (2,400 m 2) of space on the 24th floor in 5 Houston Center. [86]
Investment in post-2003 Iraq refers to international efforts to rebuild the infrastructure of Iraq since the Iraq War in 2003. Along with the economic reform of Iraq , international projects have been implemented to repair and upgrade Iraqi water and sewage treatment plants , electricity production, hospitals , schools , housing, and ...
On June 30 and December 11, 2009, the Iraqi Ministry of Oil awarded contracts to international oil companies for some of Iraq's many oil fields. The winning oil companies entered joint ventures with the Iraqi Ministry of Oil, and the terms of the awarded contracts include extraction of oil for a fixed gain of $1.40 per barrel for the oil companies with the remainder going to Iraq.
Together, these contracts cover oil fields with proven reserves of over 60 billion barrels, or more than half of Iraq's current proven oil reserves. As a result of these contract awards, Iraq expects to boost production by 200,000 bbl/d by the end of 2010, and to increase production capacity by an additional 400,000 bbl/d by the end of 2011.
At the height of the occupation the US had 170,000 personnel in uniform stationed in 505 bases throughout all provinces of Iraq. Another 135,000 private military contractors were also working in Iraq. [1] [2] Due to International military intervention against ISIL, personnel have returned to old bases and new bases created.
Iraq for Sale: The War Profiteers is a 2006 documentary film made by Robert Greenwald and Brave New Films.Produced while the Iraq War was in full swing, the film deals with the alleged war profiteering and negligence of private contractors and consultants who went to Iraq as part of the US war effort.
After seizing control of the Iraqi government, Qasim demanded better terms from IPC but decided against nationalization of Iraq's petroleum assets. [2] In 1961 Iraq passed Public Law 80 whereby Iraq expropriated 95% of IPC's concessions and the Iraq National Oil Company was created and empowered to develop the assets seized from IPC under Law ...
Some critics have claimed that the new Iraqi Oil law was not needed since Iraq has the cheapest oil to extract. [18] Other analysts have claimed that the no-bid contracts given to U.S. oil companies constitute exploitation since many non-U.S companies would give the same service for shorter contracts and lower percentage of revenue.