Word: baghdads
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Dates: during 2000-2009
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...year to develop Iraq's second-biggest field, West Qurna, pulled out of the deal on Tuesday, saying it had not met the company's "standard investment criteria." French giant Total and Spain's Repsol also withdrew after failing to secure a better deal from the Iraqis, leaving Baghdad high and dry. "[The Iraqis] approached this auction with a bit of arrogance," Younsi says. "They thought oil companies would do absolutely anything to get into Iraq...
...notion that the invasion of Iraq was simply an oil grab took another hit on Tuesday when Baghdad opened the bidding on the rights to develop its massive energy reserves. In a day-long auction of eight huge oil fields - some of the world's biggest - virtually all the 41 foreign companies invited to bid by the Iraqi government balked at the Baghdad terms. The only contract signed was a 20-year deal for a consortium led by BP and China's National Petroleum Corporation to develop the giant Rumaila field in southern Iraq. "Frankly I did not think...
...Despite the rich deposits on offer, energy companies were put off by the prices demanded by the Iraqi government, and continuing concerns over the security situation in the country. And their caution has dealt a blow to Baghdad's efforts to raise billions of dollars desperately needed to rebuild. (Watch a video about the gas shortage in Iraq...
...North. Since 2006 the Kurdistan Regional Government has signed about 20 deals with small oil companies, and have begun exporting oil during the past year - the only new oil fields developed in Iraq in decades -. That violated the Iraqi government's decrees that such contracts, which bypassed Baghdad, are illegal...
This weekend the critics acclaimed a new action movie - a story of men and robots at war against a group of machines that could destroy part of the planet. That film was The Hurt Locker, about U.S. soldiers defusing bombs in Baghdad. It opened at just four theaters in New York City and Los Angeles and earned $144,000, for a robust screen average of $36,000. Meanwhile, Transformers: Revenge of the Fallen, another movie with war and robots and stuff blowing up - and which the critics roundly denounced - earned $26,000 per screen. But it invaded 4,234 screens...