Bidding Starts for Iraq Fields
Iraq opened international bidding for eight enormous oil and gas fields, paving the way for major investments in a nation with one of the world’s largest petroleum reserves.
If the contracts are approved, they could mark the biggest foreign stake in Iraq since the industry was nationalized more than 30 years ago.
Oil Minister Hussain al-Shahristani named 35 companies that would qualify to bid on service contracts for eight oil and gas fields. The firms included seven from the U.S., three from the U.K., as well as some from Russia, China and other countries.
