Oil majors criticise Baghdad over terms

Salisbury, Peter; Nield, Richard
February 2009
MEED: Middle East Economic Digest;2/13/2009, Vol. 53 Issue 7, p9
Trade Publication
The article reports on the opposition of international oil companies (IOCs) on the new contract terms proposed the government of Baghdad in Iraq. IOC executives argue that the bidding system is unattractive and could undermine the country's oil infrastructure. The companies urge the government to reconsider the approach and oil price terms being offered.


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