Friday 20 November 2009

Iraq woos French investors

The Iraqi government on Thursday stepped up its efforts to woo French business to invest in the oil-rich country, telling Total, the French oil group, it could expect favourable treatment.

On a state visit to France, Jalal Talabani, the Iraqi president, sought to draw a line under differences over the US-led invasion of Iraq in 2003, telling French business leaders they should “show courage and invest in all sectors”.

Mr Talabani directed his strongest entreaty at Total, suggesting that it could win forthcoming tenders to exploit Iraqi fields even if the company did not come in with the highest bid.

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