Oil industry eyes Iraq investment with caution

The oil industry is cautious about Iraq’s decision to offer foreign companies long-term contracts to develop its largest producing fields, with any windfalls seen as distant and likely to go to a select few firms.
Earlier this month, Iraq said it would offer development contracts aimed at boosting output at six fields by a combined 1.5 million barrels per day (bpd).
The plan is aimed at helping the country lift output to 4.5 million bpd by 2013 from about 2.3 million bpd now.

Guardian