Oil firms to scramble for Iraq deals on live TV

[sabra]

Source: Reuters

DUBAI (Reuters) - The secretive world of Middle East oil deals will be thrown open in Baghdad next week when a contract auction is broadcast live, shining a spotlight on big oil dealmakers that prefer to stay behind the scenes.

"This is shaping up to be unlike anything I have ever been involved in," said one senior executive for a major western oil company. "It is quite unique and will be some theater. I don't think any of us really know how this is going to work out."

...

That is where the process could come to resemble a live TV game show.

"Firms are going to have to break alliances and broker new ones there and then, bid by bid, depending on what they win or lose," said another oil executive working on the bidding process.

"They will also have to change bids under time pressure. That could become a bit unseemly if it happens in front of the cameras."

Read more: http://www.reuters.com/article/newsMaps/idUSTRE55P33T20090626

[crikkett]

1. Wow.

:popcorn:

[conspirator]

2. The greedy fuckers are afraid to show their faces. They payed for the war

and they don't want people to see their vampire teeth full of blood.

[fascisthunter]

3. show your faces you fucking cowards... the World wants to see

who the real murderers are.

[boomerbust]

4. "The Price Is Right"

Baghdad style. "Nouri el Maliki, come on down."

[eleny]

5. At first glance I thought it had to be an article from The Onion

I hope we can tune in somehow.

[pattmarty]

6. Jeez, ought to try that here, ON EVERYTHING.