Friday, December 11, 2009

Iraq set to auction oil fields

Dec 11 - Iraqi oil experts welcome the second round of bidding for service contracts on ten oil fields.

Iraq strikes deals with Big Oil

Iraq struck deals with consortiums led by energy giants Shell and CNPC over massive southern oil fields Friday, part of a two-day auction that seeks to dramatically boost the country's crude output. The successful bids from the Anglo-Dutch and Chinese giants kicked off the sale, which aims to catapult Iraq towards the top of the list of the world's oil producers.