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In Televised Auction of Oil Contracts, Iraq Plays Hardball

Oil ministry plays hardball on prices

By Jason Farago, Newser Staff

Posted Jun 30, 2009 7:34 AM CDT

(Newser) – The Iraqi oil industry has been nationalized since 1972, but today the country is awarding the first contracts in decades to private petroleum companies—live on television. So far a joint bid by British Petroleum and a Chinese firm has won the first contract, for... Read full story »

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In Televised Auction of Oil Contracts, Iraq Plays Hardball

Oil ministry plays hardball on prices

Iraq • oil • Iraq oil • ExxonMobil • auction • oil companies • British Petroleum

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