"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Friday, June 09, 2006

LUKoil training many more Iraqi staff in Russia

In 2004, 59 Iraqi oil specialists completed advanced training in LUKOIL, in 2005 177 were trained his was as a result of a very successful move by Vagit Alekperov when he signed the Memorandum of Understanding and Cooperation signed in March 2004 in Baghdad by OAO LUKOIL President Vagit Alekperov and Iraqi Oil Minister Ibragim Bahr Al-Ulum.

Some 44 Iraqi sector experts will undergo training at OOO LUKOIL-Western Siberia, 14 people will be trained at LUKOIL-Nizhnevolzhskneft and 15 experts will be placed at OOO LUKOIL-Permnefteorgsintez. Around 150 Iraqi oil specialists in all will receive training at LUKOIL during this year.

Starting in November 2006, 10 employees from the Iraqi Oil Ministry will undergo a one-year training course in Perm State Technical University and OOO LUKOIL-Perm, in Gubkin Russian State University of Oil and Gas in Moscow and in the Moscow office of LUKOIL Overseas Holding Ltd.

Trainees represent Iraqi oil and gas and service companies, such as South Oil, South Gas, North Oil, North Gas, Oil Projects, Iraqi Drilling, Oil Pipeline, Oil Exploration, Gas Filling, South Refineries, Midland Refineries, North Oil Refineries, Baghdad Oil Training Institute, Baiji Oil Training Institute, Basra Oil Training Institute, Research & Development Oil Center and some others.

Priceless investment by Alekperov and puts them in pole position when exploration , drilling gets underway.

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