by | Oct 4, 2010 | Towing
Iraq raised its level of proven oil reserves by 24% in the first revision since Saddam Hussein was toppled from power.
The country has 143.1 billion barrels of known and extractible oil, compared with 115 billion barrels at the end of Saddam Hussein’s reign, BBC News reported
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That means Iraq has more proven reserves than neighbor Iran.
In the final years of Hussein’s reign, UN…
Continue reading Iraq Raises Proven Oil Reserves 24%
Iraq Raises Proven Oil Reserves 24% originally appeared on DailyFinance on Mon, 04 Oct 2010 08:55:00.
Filed Under: Energy, Technology, Economy, Green
by | Sep 10, 2010 | Towing
Dubai World, the state-owned conglomerate, reached a deal to restructure about $24.9 billion of liabilities.
Dubai’s government said that Dubai World reached an agreement with more than 99% of its creditors, Reuters reported. In a separate statement, Dubai World said it plans to close the restructuring in “the coming weeks.”
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“The agreement formalizes a strong consensus about a fair…
Continue reading Dubai World Reaches Deal to Restructure $24.9 Billion of Liabilities
Dubai World Reaches Deal to Restructure $24.9 Billion of Liabilities originally appeared on DailyFinance on Fri, 10 Sep 2010 07:27:00.
Filed Under: Company News, Economy, People, Investing, Real Estate, Taxes, Credit
