Foreign companies vie for profit from Iraq's oil - 30 Jun 08

Opponents of the war in Iraq say that the US invaded the country's for its oil.

Oil is Iraq's most precious resource, and it is now finally within reach.

Some of the world's biggest companies are set to go back into Iraq, with new contracts expected to be announced shortly.

However many Iraqis are suspicious of such plans and worry the country's oil wealth will go to foreigners.

Al Jazeera's Nicole Johnston reports.