Only one of the bidders for the eight contracts to run oil and gas fields in Iraq has accepted oil ministry terms.
Six oil fields and two gas fields were available in a televised auction that was the first big oil tender in Iraq since the invasion of 2003.
BP and China's CNPC agreed to run the 17 billion barrel Rumaila field after Exxon Mobil turned it down.
Well of course Exxon Mobil turned it down. BP and CNPC are only going to get $2 per barrel and Bush told ExMo they were going to get it all after he killed 4000+ soldiers and hundreds of thousands of Iraqis to steal it for them. Who knew the Iraqis would figure out it was theirs?