x Abu Dhabi, UAE Thursday 20 July 2017

Iraq's oil contract auction failed to deliver hoped-for contracts, which shows that relations between the government and the private sector have a long way to go.

Iraq's oil contract auction failed to deliver hoped-for contracts, which shows that relations between the government and the private sector have a long way to go.

Iraq's oil contract auction failed to deliver hoped-for contracts, which shows that relations between the government and the private sector have a long way to go. Is the government expecting too much for its oil? Are companies too mingy in what they offer to pay for drilling rights?