6/19/2008

Major foreign oil companies are about to return to Iraq nearly four decades after their property was nationalized by Saddam Hussein. Exxon Mobil Corp., Royal Dutch Shell, Total, BP, Chevron and a number of smaller oil companies are close to landing no-bid contracts to service Iraq's largest fields, according to Oil Ministry officials, company officials and a U.S. diplomat. Shut out of the one- and two-year contracts were bidders from Russia, China and India.

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