Oil Deals between Iraq and Global Majors

Iraq has signed a raft of deals with foreign oil companies that could take its crude output capacity up to 12 million barrels per day, rivaling top producer Saudi Arabia.

There are still hurdles in the way, not least a March 7 parliamentary election that could usher in a new government inclined to try to renegotiate some of the deals.

At the same time, the lure of billions of dollars in revenues could persuade whoever forms the next Iraqi government to allow the contracts to stand unchallenged.

(Reuters)

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