Reuters reports that Iraq has approved six more energy companies to participate in its 4th energy auction, raising the number of pre-qualified bidders to 46.
“We have six companies that were not qualified first, but after reviewing their information, we asked them to submit further documents to support their position. We have decided to qualify them after they offered the required documents,” Abdul-Mahdy al-Ameedi, director of the oil ministry’s contracts and licensing directorate, told the agency.
Ameedi said the six new companies were: Dubai-based oil explorer Dragon Oil Plc , Glencore International Plc , Gulfsands Petroleum Plc , China’s Zhenhua Oil, Vitol Holding BV and Romania’s Romgaz.
The other 40 companies are listed here.
The Oil Ministry has excluded U.S oil company Hess Corp because the company signed deals with Iraq’s northern Kurdish region.
The auction for 12 new exploration blocs, scheduled for late January, is expected to add 29 trillion cubic feet of gas and 10 billion barrels of oil to Iraqi reserves. Iraq will meet with executives from the energy companies at a roadshow on 11th September in Amman, Jordan and present a data package with initial tender protocols to the companies on 12th Sept.