The Mudcat Café TM
Thread #121958   Message #2668493
Posted By: Q (Frank Staplin)
30-Jun-09 - 08:09 PM
Thread Name: BS: Iraq Oil Bids
Subject: BS: Iraq Oil Bids
Iraq put up fields with 44 billion bbls total.
Only one field, the large Rumalia oil field with est. 18 billion bbls, was successfully bid in when partners British Petroleum and China's CNPC met Iraq's conditions.
Partners Exxon-Mobil and Petronas (Malaysia) were unsuccessful bidders for this field.

China appears to be the most active bidder, singly or with partners.
Although Iraq refused all bids except that for Rumalia, behind the scenes dickering is going on and new agreements could be announced shortly.

The most complete set of reports is found at the http://english.aljazeera.net news website. The television wing of this important source of Middle East News will soon be available in Canada.

Foreign oil firms reject Iraq terms