Iraq unveiled details of fields on offer in its second bid round Tuesday, reducing the cash it is seeking up-front to avoid a repeat of the disappointing first round (IOD Aug.25,p1). Baghdad wants $1.2 billion in non-recoverable signature bonuses for the fields, replacing an unpopular first round demand for $2.6 billion in soft loans. The giant Majnoon, West Qurna-2, Halfaya and East Baghdad fields will each carry a $150 million bonus and the remaining six projects $100 million apiece.
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