Quote:
Originally Posted by DaveG28
Its up to Iraq who to have, if they want the Saudi's or joint ventures, they are a sovereign country!
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Yes it is and they are trying to put off the western bidders with a 35% tax on any oil extracted.
Supposedly most of the major oil execs had left the pre bid meeting/breifing before the iraqi's had even addressed the media.
The successful bidders will be announced within 6 months, and their are some very stringent conditions, such as iraqis top to bottom with minimal expats, this just spells disaster in my eyes
