BP has some explaining to do. Why did the oil major agree to very marginal terms to develop an Iraqi oil field that others, like Exxon Mobil, rejected
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Iraq's fledgling government opened its vast oil reserves to foreign companies today for the first time in decades, auctioning contracts to increase production in the war-torn country's sprawling oil fields
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Thirty five companies are qualified to bid on foreign oil contracts with Iraq starting next week, the Wall Street Journal reports. The government decided to auction off foreign oil contracts in an attempt to boost up its war torn economy
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With proven oil reserves of around 112 billion barrels and up to another 150 billion barrels of probable reserves, Iraq is the greatest untapped prize for international oil companies
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Iraq is poised to open its coveted oil fields to foreign companies this week for the first time in nearly four decades, a politically risky move in a country eager to shake off the stigma of occupation
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When Iraq puts development rights to some of its largest oil fields up for auction to foreign companies on Monday, the bidding will be a watershed moment
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Oil majors like BP, Total and ExxonMobil have waited a long time for access to Iraq’s oil reserves, following the United States-led invasion of 2003
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Sitting on some of the largest and most unexploited oil reserves in the world, embattled Iraq continues to reel from falling production and the delay in passing a national hydrocarbons law
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