US expects to issue new competitive bids for Iraq oil services work

The US Army Corps of Engineers plans to open for competitive bidding new contracts to repair and maintain existing Iraqi oil infrastructure that could be worth as much as $500 million or as little as $500,000.But the Corps cautioned potential oil service contractors June 24 that there might not be much work left to perform under the terms of the proposal they plan to issue this month."It is anticipated at this time that there may be little work remaining," the Corps said. "The level of work to be accomplished has been and will continue to be influenced by external factors such as potential sabotage or looting, the speed at which the Iraqi oil companies are able to resume responsibility fo...

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