It’s eerie and uncomfortable and inappropriate that there isn’t much notice that six years ago today, the United States invaded Iraq. Maybe that’s natural now
“„Under a formal process created last year, companies have been asked to bid openly for the right to take part in expanding Iraq’s oil production. But many companies have been skeptical of the country’s terms, saying they lacked enough incentives. At the same time, Iraq’s improved security has meant that foreign companies are eager to invest in the country after decades of wars and sanctions kept them out.
“„Iraq’s oil minister, Hussain al-Shahristani, addressing a conference hosted by OPECin Vienna on Wednesday, also suggested for the first time that Iraq would consider allowing foreign companies to share directly in the profits from oil production, rather than the fixed fees in the joint ventures that are now offered.