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Game on for oil contracts

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Published Date: 27 June 2009
THE Iraq oil contract auction is due to be broadcast live on TV, shedding light on the secretive world of Middle East hydrocarbon deals.
"This is shaping up to be unlike anything I have ever been involved in," said one senior executive for a western oil company. "It is unique and will be some theatre."

All the bids for the contracts will be opened in front of the cameras, and they will be compared and contracts awarded there and then.

After the first contract is awarded, competing firms would have a chance to go back and revise the terms. That is where the process could come to resemble a live TV game show.





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  • Last Updated: 26 June 2009 11:03 PM
  • Source: The Scotsman
  • Location: Edinburgh
  • Related Topics: Iraq
 
1

,

27/06/2009 01:39:39
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2

Hitchhiker,

Nebraska 27/06/2009 03:53:28
I doubt whether any of the ordinary Iraqi citizens will benefit from this.
3

2dogs in D.C.,

27/06/2009 04:28:22
Hey,Postit.Oil,like any other earth based deposit,is worthless without a market.The oil belongs to who ever owns the ground where it is,and they will sell it to the highest bidder.
4

,

27/06/2009 04:47:59
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5

Mashimaro,

China 28/06/2009 02:12:50
And finally.... the Iraqi end game is in sight... How many lives? How much radiation... ah... who cares, as long as those yankees can guzzle their macs and drive their hummers and Haliburton can continue to rake in the billions of dollars in "defense" deals. This is such a blatant rip off of the american populace I am surprised they are not out in the streets getting their heads kicked in... oh no, wait, that's for OTHER poorer people to do.
6

,

28/06/2009 03:08:28
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7

John Jacques,

29/06/2009 17:09:46
Oil business is nasty business.
8

Nocturnal Bark,

Florida 30/06/2009 14:55:50
I wonder why oil attracts trouble?
9

,

30/06/2009 17:17:41
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10

,

30/06/2009 17:53:09
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11

Baba Yaga,

03/07/2009 06:35:14
Oil companies are traditionally controlled by very greedy people who love to exploit others.

 

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