Iraqi oil for sale in TV auction - Democratic Underground

dipsydoodle

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Tue Jun-30-09 07:43 AM
Original message

Iraqi oil for sale in TV auction

Source: BBC News

A bid from Britain's BP and China's CNPC has won the first contract in the live televised auction for contracts to run oil and gas fields in Iraq.

Six oil fields and two gas fields are available in the first big oil tender in Iraq since the invasion of 2003.

The consortium took the contract for the 17 billion barrel Rumaila field after Exxon Mobil rejected the oil ministry's maximum service contract.

An undeveloped gas field has also been offered but there were no bidders.

Read more: http://news.bbc.co.uk/1/hi/business/8125731.stm

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Soylent Brice

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Tue Jun-30-09 09:12 AM
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1. what a circus.

i hope the Iraqis know what they're doing.

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Joanne98

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Tue Jun-30-09 09:18 AM
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2. The Iraqi people will end up with nothing.

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