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Iraq favours state-run oil bidders
- Iraq: Saturday, October 11 - 2008 at 09:50
Iraq is expected to award contracts to develop its oil reserves to state run companies. Forty-one national oil companies have been pre-qualified by Iraq, including Exxon Mobil, Royal Dutch Shell, BP and China National Petroleum, said Bloomberg. They will bid in the first licensing round since US-led forces attacked the country in 2003. Talks with bidders will be held in London on October 13.
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StaffSaturday, October 11 - 2008 at 09:50 UAE local time (GMT+4)
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