A New Era?

The Rush for Iraq's Oil

By PATRICK COCKBURN

"The intense interest of the international oil industry in Iraq is fuelled by belief that it may have reserves, rivalling Saudi Arabia, which have gone unexploited or undiscovered during 30 years of war, rebellion and sanctions. The super-giant fields of south-east Iraq are the largest concentration of such fields in the world, according to experts."

Same story here: Iraq's Giant Oil Fields Go on Auction Block