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Doubts cloud South Korea's Iraqi deal

A $3.55 billion oil development project agreed between South Korea and Iraq does not give an automatic green light for South Korean companies to secure stakes in Iraq's southern Basra region, a Seoul official said today.

The oilfields surrounding the southern city of Basra have become the centre of speculation: here an Iraqi walks past oil reservoirs at the Iraqi Pipelines Company in the city
The oilfields surrounding the southern city of Basra have become the centre of speculation: here an Iraqi walks past oil reservoirs at the Iraqi Pipelines Company in the city
  • Wire services
Published 25 February 2009, 02:33Updated 9 July 2012, 09:04
Asia & OceaniaMiddle EastNorth Africa