Iraq Reviews IOC Qualifications for New Oil Projects

By John Lee.

Iraq’s Petroleum Contracts & Licensing Directorate (PCLD) has announced that previously-qualified international oil companies (IOCs) which are not currently operating in Iraq, and which did not participate in earlier licensing rounds, will not be eligible to compete in the current licensing round.

In an announcement (copied below), the PCLD said such companies will have to resubmit all documents and pay a fee of $25,000 if they wish to participate:

 

 

No comments yet.

Leave a Reply