Iraq to Offer Better Terms for Oil Contracts

By John Lee.
Iraq’s Deputy Prime Minister with responsibility for energy affairs, Hussein al-Shahristani (pictured), has reportedly said that Baghdad was considering offering foreign oil firms more lucrative contracts.
According to a report from Aswat al-Iraq, he admitted that the recent fourth auction of exploration blocks had not been as successful as officials had hoped.
(Source: Aswat al-Iraq)