An auction of licenses to develop Iraq’s oil reserves began but seemed to run into difficulties when companies demanded far more remuneration than the authorities were ready to pay.
Iraq Begins Oil and Gas AuctionCourtesy NYT > Business Tue, 06/30/2009 - 03:19
An auction of licenses to develop Iraq’s oil reserves began but seemed to run into difficulties when companies demanded far more remuneration than the authorities were ready to pay. Related itemsIraqi oil licensing round runs into trouble
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Well, we have faced up this same problem before and it seems that the government are still taking definite actions to resolve this problem.
Ray Richards
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