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Iraqi Oil Minister Hussain al-Shahristani , right, watches BP's CEO Tony Hayward, signing a contract to invest in the Rumaila oilfield, in Baghdad

Iraqi Oil Minister Hussain al-Shahristani ...
AP - Mar 3 Nov - 17.13

Iraqi Oil Minister Hussain al-Shahristani , right, watches BP's CEO Tony Hayward, signing a contract to invest in the Rumaila oilfield, in Baghdad, Iraq, on Tuesday, Nov. 3, 2009. Iraq on Tuesday finalized a deal with a British-Chinese consortium to develop its biggest oil field, a deal marking a milestone moment in the OPEC nation's push to lure foreign investors sorely needed to revamp its battered oil sector.The 20-year contract signed by Iraqi Oil Minister Hussain al-Shahristani and executives from British oil giant BP PLC and China's CNPC gives the two companies development rights to the 17.8 billion barrel Rumaila field in Iraq, home to the world's third largest proven oil reserves.(AP Photo/Hadi Mizban)

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