The World

Foreign Oil Companies Racing Back to Iraq

As U.S. troops pull out of Iraqi cities, international oil companies are arriving to bid for contracts to develop oil and gas fields. Carola Hoyos, energy correspondent for the Financial Times, joins The Takeaway to about the money at stake.

It’s been almost 40 years since Saddam Hussein told foreign oil companies to leave Iraq. Today, as U.S. troops pull out of Iraqi cities, international oil companies are going back in to bid for contracts to develop oil and gas fields. Carola Hoyos, the chief energy correspondent for the Financial Times, joins The Takeaway to about the amount of money involved and who will get their hands on it.