Foreign Firms Vying for Iraqi Oil
Posted February 19th, 2008 by aaron
More stories from: Iraq
Some 70 international firms have registered to compete to help develop Iraq's oil reserves, which are the world's third largest, surpassed only by Saudi Arabia and Iran. Some oil companies are already signing deals with with the largely autonomous northern Kurdistan region, much to the chagrin of the government in Bagdad.
Among the competing companies are Shell and Repsol YPF, the Spanish energy company.
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