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Iraq Cancels No-Bid Oil Deals with Western Firms

HeadlineSep 11, 2008

The Iraqi government has withdrawn a plan to award six no-bid contracts to large Western oil corporations. Earlier this summer, Iraq announced it would let Exxon Mobil, Shell, Total, BP and Chevron service Iraq’s largest oil fields. But Iraqi officials say the agreements have taken too long to complete. The companies will still be eligible to bid on open deals.

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