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Archive Home > 2009 > July > 01 > Iraq’s oil auction: Foreign companies balk at licensing terms

Iraq’s oil auction: Foreign companies balk at licensing terms


July 1, 2009

BAGHDAD — Iraq’s hopes for an oil-revenue fueled postwar recovery suffered a sharp blow Tuesday as the foreign oil companies it counted on to help develop its vast reserves greeted the country’s first oil auction in over 30 years with grumbles and just one....

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