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Iraq oil deals made on live TV
- Iraq: Sunday, June 28 - 2009 at 10:16
Bids for contracts for six of Iraq's largest oilfields and two untapped gas fields will be opened in front of TV cameras and the world's media in the coming days in Baghdad, Reuters has reported. The bids will be compared and contracts awarded immediately. After the first contract is awarded, competing firms will get the opportunity to revise the terms of their next bid. "This is shaping up to be unlike anything I have ever been involved in," said one senior executive for a major western oil company. "It is quite unique and will be some theatre. I don't think any of us really know how this is going to work out."
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StaffSunday, June 28 - 2009 at 10:16 UAE local time (GMT+4)
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