Iraq auctions oilfields – answers
true/false/no evidence
- Iraq is holding a series of contract auctions for its oil fields. NE, we know of two but we don’t know if there will be more
- Iraq is one of the top oil-producing countries. F: it hopes to become one of this group through awarding these contracts but isn’t yet
- Lukoil have been interested in Iraqi oil for a long time. T: they were trying to get into Iraq oil before the US invasion
- Another auction was held on Friday. T
- Companies bidding abandoned concerns for security. T: they ‘put aside’ security concerns
- 112 people were killed in Iraq in the last month. F: last Tuesday
- The companies bidding for oil contracts insisted on tight security. NE: there was tight security, but we are not told who requested this
- 10 oil contracts are available for bidding. F: these were available on the 2nd day so presumable there were more
- These fields will now quadruple Iraq’s crude oil output. F: this is the potential but by no means certain
- Production of 10 million barrels per day is the Iraqi target. F: this is a forecast not a target