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  • Russia's Lukoil Wins Huge Iraqi Oilfield

    12/12/2009 6:51:06 PM PST · by FromLori · 28 replies · 1,066+ views
    The Business Insider ^ | 12/12/09 | Joe Weisenthal
    So much for America getting all the oil it spent billions of dollars, and thousands of lives to "liberate." ----- By SINAN SALAHEDDIN (AP) – 10 hours ago BAGHDAD — A consortium led by Russia's private oil giant won the biggest prize of Iraq's second oil auction this year, nabbing a field initially promised them a decade ago by Saddam Hussein while other companies Saturday showed little interest in offerings outside the secure southern part of the country. Lukoil and Norway's Statoil ASA won rights to develop the 12.88 billion barrel West Qurna Phase 2 field in the Basra region,...