At Iraqi Oil and Gas Auction, Bargaining Is Contentious - NYTimes.com

New York Times by Timothy Williams | Jul. 1, 2009 (News Report)

BAGHDAD — The Iraqi government stumbled once again on Tuesday in its frequently delayed effort to award development rights to its most valuable oil fields. In a public auction it largely failed to attract the lucrative offers it sought from dozens of international oil companies invited to the bidding. Full Story »

Posted by Judy Plapinger

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Subjects: World, Business
Topics: Iraq, Oil and Gas
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Posted by: Posted by Judy Plapinger - Jul 1, 2009 - 9:00 AM PDT
Reviewed by: Judy Plapinger (review)
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Edited by: Judy Plapinger - Jul 1, 2009 - 9:00 AM PDT

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Judy Plapinger
3.3
 by Judy Plapinger - Jul. 1, 2009

There seems to be a lot more to this story, but it's not covered in this piece. Plus some of the technical information could be better explained for the lay-reader.

Maybe the media should be covering stories like this instead of Michael Jackson. This is kind of a bizarre situation. Five years ago, the oil companies were falling all over themselves to get the oil in Iraq. Today? No one's touching it.

Judy posted this story.
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