BAGHDAD: The Iraqi government will limit no-bid contracts being negotiated with several major oil companies to one year to avoid overlap with longer-term deals expected to be signed next June, a senior Oil Ministry official said Thursday.
The contracts sparked a backlash because they involve major Western oil companies.
There are concerns that granting such contracts to Western oil companies could feed perceptions that U.S.-led forces toppled Saddam Hussein to seize the world's third-largest oil reserves.
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