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Iraq approves $998m Samsung oil contract

Baghdad, January 24, 2012

Iraq's cabinet approved a $998 million oilfield service contract on Tuesday with a South Korean company for the West Qurna Phase Two oilfield, the cabinet said in a statement

An Iraqi oil official who asked not to be identified said the deal was with Samsung Engineering, the only South Korean company on the final shortlist.-Reuters

Tags: Samsung | Iraq | approve | oil contract |

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