15 thoughts on “BP polluters, pals of dictator Mubarak

  1. Jordan to Gaddafi: End the violence

    JORDAN: Foreign Ministry spokesman Mohammed Kayed urged Libyan leader Muammar Gaddafi today to halt his bloody crackdown on anti-government protesters.

    About 500 people, including eight Jordanian women MPs, trade unionists and leaders of the Muslim Brotherhood — Jordan’s largest opposition group — gathered outside the Libyan embassy in Amman, demanding Gaddafi’s removal.

    In recent weeks Jordan has been the scene of weekly protests by opposition groups demanding far-reaching political reform, but marches have largely been peaceful.


    Political prisoners released by king

    BAHRAIN: The country’s king ordered the release of several political prisoners today, conceding to another opposition demand as the embattled monarchy tried to engage protesters in talks.

    The royal decree covers several Shi’ite activists accused of plotting against the state.

    Government spokeswoman Maysoon Sabkar said it was unclear how many protesters would be freed.

    But they include some of the 25 Shi’ite activists on trial for allegedly plotting against the Sunni rulers of the kingdom, according to leading Shi’ite opposition Abdul Jalili Khalil.

    He called the prisoner release “a good step” and a “positive gesture.”


    Rally of 5,000 calls for leader to go

    YEMEN: About 5,000 anti-government protesters rallied in al-Shiher in eastern Yemen today calling for the removal of the country’s president.

    President Ali Abdullah Saleh, the target of widespread protests for the past three weeks, has said he will not step down before the end of his term in 2013.

    However he has pledged that security forces will not fire on protesters.

    Medical officials have said 11 people have been killed in protests this month.

    Police stood by today as demonstrators marched in al-Shiher chanting “Down, down with Saleh.”

    In the capital of Sanaa thousands rallied at a university campus while hundreds continued to camp out in a nearby square.



  2. * FEBRUARY 22, 2011, 10:51 P.M. ET

    BP To Get Iraq Field Upgrade Costs, Remuneration Fees

    By Hassan Hafidh

    BAGHDAD (Dow Jones)-BP PLC (BP.LN) and its partner China National Petroleum Corp. will be the first companies to be paid back by the Iraqi government for developing Iraq’s supergiant Rumaila oil field, a senior Iraqi oil official said.

    “The first company that we are going to pay back costs and remuneration fees to will be BP,” Abdul Mahdy al-Ameedi, head of the Iraqi oil ministry’s petroleum contracts and licensing directorate, told Dow Jones Newswires.

    Ameedi said payment to BP is expected to start either in March or April. He didn’t provide further details.

    Iraq signed over the last 14 months some 12 deals to develop one of the country’s vast oil fields. According to the terms of the service contracts Iraq signed with the firms, Baghdad has to start paying back the costs of developing these fields and remuneration fees when they achieve a 10% increase in production.

    BP said last month that it had raised production at Rumaila by more than 10% above the initial level of 1.066 million barrels a day, but Ameedi said in a previous interview with Dow Jones Newswires that Rumaila is now producing almost 20% more oil than before, or 1.275 million barrels a day.

    For every extra barrel of oil production BP and CNPC squeeze out of the field above the 10% milestone, they will receive a payment of $2. They would be also paid back costs for developing the field, which holds some 17 billion barrels oil reserves.

    BP had said that it alone would invest some $15 billion in the project across the course of the 20-year contract. Independent oil industry sources had said that BP and its partner would make up to 15% profit from total revenues of the Rumaila oil field.

    Companies such as Eni SpA (E), Italy’s largest oil company in terms of reserves, along with Occidental Petroleum Corp. (OXY) and Korea Gas Group (036460.SE), known as Kogas, would be also paid back this year as they have already met the 10% increase from the giant Zubair oil field, which has estimated proven reserves of 6.5 billion barrels.


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