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Iraq limits no-bid oil contracts to one year

The Iraqi government is planning to limit no-bid contracts being negotiated with several major oil companies to one year to avoid overlap with longer-term deals expected to be signed next June, the Associated Press reported. The no-bid contracts have sparked controversy because several major Western firms have been involved in the discussions. There are concerns [...]

By Ben Lando of Iraq Oil Report
Published July 17, 2008

The Iraqi government is planning to limit no-bid contracts being negotiated with several major oil companies to one year to avoid overlap with longer-term deals expected to be signed next June, the Associated Press reported.

The no-bid contracts have sparked controversy because several major Western firms have been involved in the discussions. There are concerns that granti...

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