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Iraqi workers operate valves at the Rumaila oil refinery, near ...

Mon Nov 9, 10:00 AM ET

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Iraqi workers operate valves at the Rumaila oil refinery, near the city of Basra, 550 kilometers (340 miles) southeast of Baghdad, Iraq, on Monday, Nov. 9, 2009. A 20-year contract signed by Iraq's Oil Ministy and British oil giant BP PLC and China's CNPC, on Tuesday, Nov. 3, gives the two companies development rights for Rumaila field. Another two oil deals were signed last week, marking a milestone moment in the OPEC nation's push to lure foreign investors sorely needed to revamp its battered oil sector.

(AP Photo/Nabil al-Jourani)