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Times - BP wins Iraq oilfield contract after fee row

A BP-led consortium today won the rights to develop Iraq's biggest-producing oilfield after a rival bidder dropped out of a televised auction in a disagreement with the country's oil ministry over fees.

Winning the 17 billion barrel Rumaila oilfield in southern Iraq represents a big boost to BP that has historical links to the oilfield, which is one of the biggest in the world.

The British company's victory came after the oil ministry balked at the fees for extracting the oil that were proposed by both BP's consortium and a rival, led by Exxon-Mobil.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Jun 30th, 2009 at 02:25:07 PM EST
[ Parent ]
This is a smallsih service agreement. I stand by my analysis that no meaningful amounts of money will be invested until Iraq has a legitimate government (ie not seen as a US puppet in any way), ie not until US occupation troops are completely out.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Jul 1st, 2009 at 10:09:43 AM EST
[ Parent ]
Jerome a Paris:
US occupation troops are completely out.

completely including the bases?

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Wed Jul 1st, 2009 at 11:05:03 AM EST
[ Parent ]

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