Iraqi Cabinet approves BP's offer on Rumaila

Jul. 1, 2009

Iraq's government on Wednesday approved a BP-led consortium's offer to develop a giant oil field in the south, moving forward with the only deal struck during a much-hyped but ultimately disappointing international oil auction. Iraq, which is desperate for...

Oil auction in Iraq nets just one deal

BAGHDAD, July 1 (UPI) -- An all-day auction for eight oil development contracts in Iraq fell short of expectations with only one contract signed, the Iraqi Oil Ministry said.

Franks: Allies hold Iraqi Rumaila oilfield

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Lori Anne Madison, 6, competes in Scripps National Spelling Bee

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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler

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Iraqi Cabinet approves BP's offer on Rumaila

Oil auction in Iraq nets just one deal

Franks: Allies hold Iraqi Rumaila oilfield