STRATEGY

摘要

Iraq remains deeply troubled, but it still beckons to oil majors like a shimmering vision in the desert. So why was Iraq's auctionrnof eight promising fields on June 30 something of a bust? Only a consortium of BP and China National Petroleum Corp. placed a winning bid, to boost production in the giant Rumaila field. The other seven fields on offer went begging as ExxonMobil and the rest shied away from tough terms and big risks.