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Thursday, May 24, 2018, 8:31 a.m.

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Iraq's oil bidding raises eyebrows

Some see official’s rush for foreign deals as political move

By SINAN SALAHEDDIN THE ASSOCIATED PRESS

This article was published April 26, 2018 at 2:06 a.m.

an-iraqi-works-in-an-oil-field-north-of-basra-oil-revenue-makes-up-nearly-95-percent-of-iraqs-budget

An Iraqi works in an oil field north of Basra. Oil revenue makes up nearly 95 percent of Iraq’s budget.

Iraq is opening more of its untapped oil and gas resources to foreign developers, hoping to increase revenue after its costly war with the Islamic State militant group, but analysts say the rushed bidding process -- now timed to precede national elections -- could draw a lukewarm response.

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