British Petroleum

Representatives of the consortium led by Russia, who won the biggest prize of Iraq's second oil auction this year are seen during the second round of bids for oil licenses to develop some of Iraq's massive oil fields at a meeting in Baghdad, Iraq, Saturday, Dec. 12, 2009. A consortium led by Russia's private oil giant won the biggest prize of Iraq's second oil auction this year, nabbing a field initially promised them a decade ago by Saddam Hussein while other companies Saturday showed little interest in offerings outside the secure southern part of the country. Lukoil and Norway's Statoil ASA won rights to develop the 12.88 billion barrel West Qurna Phase 2 field in the Basra region, beating out three other consortiums led by France's Total SA, Malaysia's state-run Petronas and British giant BP PLC.