Oil majors returning to Iraq after 36 years

Exxon Mobil, Chevron, Royal Dutch Shell, BP and Total SA are getting ready to formally announce historic contracts to return to Iraq some 36 years after the country’s government took control of its giant oil reserves, The New York Times reported on Thursday.
The oil majors, and a host of smaller companies, are in talks with Iraq’s oil ministry for unusual no-bid contracts to service the war-torn country’s largest fields, said the newspaper, citing ministry officials, oil company officials and an American diplomat.

Marketwatch