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Chevron Corp. and other international oil companies are negotiating with the Iraq Ministry of Oil for two-year contracts to tap into some of the country's largest oil fields, according to published reports. The companies have had their eyes on Iraq's oil fields for years. The contracts under discussion are limited, but represent an important step in opening Iraq's oil industry to foreign involvement after years of state control.
Links:
[1] http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/03/24/BU5PVPNP8.DTL