Iraq invites Russian oil company back

An Iraqi Cabinet minister invited Russia's Lukoil on Wednesday to renew its bid on the vast West Qurna-2 oil field and urged Russian companies to seek roles rebuilding dilapidated power plants as Iraq searches for foreign investment to revive its oil industry and infrastructure.

"I hope Russian companies will take part in the bidding," Iraqi Electricity Minister Karim Wahid told a news conference in Moscow. "Lukoil is welcome to bid for the service contract at the second or third stage of the tender in March or September."

Webmaster's Commentary: 

I'm sure this white house is just thrilled with that news!

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