t r u t h o u t | Big Oil Firms Ready to Sign Agreements With Iraq

BIG OIL TO GARNER IRAQ CONTRACTS
Iraq is preparing to award contracts to several Western energy companies to help develop its vast oil resources. The two-year, no-bid contracts will be awarded to companies that have been advising the Iraqi Oil Ministry in recent years, said Asim Jihad, a spokesman for the ministry. He said officials expect that U.S.-based Exxon Mobil and Chevron, Royal Dutch Shell, France's Total and British oil company BP will secure the biggest contracts.
(TRUTHOUT)