Oil giants will be forced to tussle for contracts worth an estimated $16bn (£9.7bn) live on Iraqi television in a bizarre contest they fear could end up resembling a game show. More than 30 energy companies, including BP, Shell and ExxonMobil may be forced to make last-minute alliances and reveal their offers in a tense round of bidding due to start early next week.
More than 30 energy companies, including BP, Shell and ExxonMobil may be forced to make last-minute alliances and reveal their offers in a tense round of bidding due to start early next week.
The scheme appeared to come as a shock to some of the major oil companies. Others admitted they "had an inkling" that Baghdad would conduct the process in the open but had not expected a televised spectacle.
a bizarre contest they fear could end up resembling a game show.
LOL. And what does the corrupt game behind closed doors resemble?... *Lunatic*, n. One whose delusions are out of fashion.
