Iraq eyes top spot after oil auction 'victory'

Iraq eyes top spot after oil auction 'victory'
Baghdad (AFP) Dec 12, 2009 - Iraq on Saturday awarded oil contracts to foreign giants at an auction it hopes will hike output to 12 million barrels a day and put it on a par with the world's top producer Saudi Arabia. Baghdad sold Russian firm Lukoil rights to one of the world's biggest untapped oil fields on the auction's second day, after striking deals with Anglo-Dutch company Shell, China's CNPC and Malaysia's Petro ... more

http://www.energy-daily.com/reports/Iraq_eyes_top_spot_after_oil_auction_victory_999.html