Oil Companies Forced To Battle It Out On Iraqi Television

June 27, 2009

Iraq (ChattahBox) – A group of large oil companies, including ExxonMobil, Shell, and BP, are being forced to fight for Iraqi contract rights on national television.

The idea has shocked a few of the 30 oil companies, but others admit that they knew of the scheme, and that they think it is a great idea. It is hoped that the public bids will allow for greater transparency in what can often be considered a rather dangerous market.

“It’s like a Eurovision song contest or a game show for energy companies,” an anonymous executive was quoted by The Telegraph.

“A lot of work has gone into preparing our bid but I think on the day we are going to see the process may be quite fluid. If some companies find themselves disappointed on one contract they may have to make deals with other partners on the spot.”

Each company (or in some cases, partner companies) will place in a sealed bid for each contract. From there, they will be reviewed and compared by Iraqi government officials, and the contracts awarded in that moment, rather then in secretive meetings.


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One Response to “Oil Companies Forced To Battle It Out On Iraqi Television”

  1. Television » Oil Companies Forced To Battle It Out On Iraqi Television … on June 27th, 2009 2:45 pm

    […] View strange here: Oil Companies Forced To Battle It Out On Iraqi Television … […]

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