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Big Oil Shut Out Of Iraq Deals

First new oil contracts go to China, India—even Vietnam and Indonesia

By Peter Fearon,  Newser Staff

Posted Apr 6, 2007 8:24 AM CDT

(Newser) – U.S. oil companies are far from first in line as Iraq doles out its initial oil contracts.   China, India—even Vietnam and Indonesia—have the inside track instead, thanks to contracts and infrastructure dating back to the Saddam regime, and more positive...   Read full story »

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