JUNE 24, 2009Big Oil Ready for Big Gamble in Iraq
BAGHDAD -- Next week, Iraqi officials plan a welcome-back party for Big Oil.
The government intends to auction off oil contracts to
foreign companies for the first time since Iraq nationalized its oil
industry more than three decades ago. If all goes according to plan in
the first round, foreign oil companies will move in to help Iraq revive
production at six developed fields that have suffered from years of war
and neglect.
http://online.wsj.com/article/SB124579553986643975.html
"Just over 20 of Iraq's roughly 80 known oil fields have been fully or partially developed...."
BAGHDAD -- Next week, Iraqi officials plan a welcome-back party for Big Oil.
The government intends to auction off oil contracts to
foreign companies for the first time since Iraq nationalized its oil
industry more than three decades ago. If all goes according to plan in
the first round, foreign oil companies will move in to help Iraq revive
production at six developed fields that have suffered from years of war
and neglect.
http://online.wsj.com/article/SB124579553986643975.html
"Just over 20 of Iraq's roughly 80 known oil fields have been fully or partially developed...."