Price Squabbles, Security Concerns Lead Oil Giants to Pass On Iraq Fields - washingtonpost.com

But some oil experts said it would be hard to bridge the large gap between oil company bids and the Iraqi oil ministry's expectations. In recent days, several Iraqi lawmakers and some veterans of its oil sector criticized the service contracts as giveaways to Big Oil. For Maliki, the controversy became a political liability just as he was proudly proclaiming Iraq to be sovereign. Awkwardly, the auction coincided with a national holiday declared to mark that sovereignty.

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