[quote] They [Iraqis] drove a hard bargain, forcing the companies into the role of service contractors—not the equity investors they prefer to be. Edinburgh energy consultant Wood Mackenzie estimates that BP will need to spend $15 billion to $20 billion developing Rumaila, including a $500 million signing bonus. The Iraqis will pay BP only a skinflint $2 per barrel for every barrel the British oil giant produces at Rumaila above around 1 million barrels per day. [eoq]