Iraq Postpones Oil and Gas Auction

By John Lee.

Iraq’s Ministry of Oil has reportedly postponed its oil and gas bidding round for 11 new blocks to 25th April.

Abdul Mahdi al-Ameedi, director general of the Petroleum Contracts and Licensing Directorate (PCLD), told Reuters:

“The bidding process was rescheduled to be on April 25. It is just to give the companies a little bit more time to submit the bid bonds and be prepared for the bidding.”

However, Oil Ministry Spokesman Asim Jihad told Bloomberg he was unaware of any postponement in the auction, originally scheduled for 15th April.

Just two weeks ago, the ministry said it was changing to a new “hybrid” type of oil contract.

(Sources: Reuters, Bloomberg)

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One Response to Iraq Postpones Oil and Gas Auction

  1. Ibn Al Iraq 15th April 2018 at 07:30 #

    Sirs,

    I believe the MoO should have been more organized and productive after more than a decade of dealing with IOCs, attending international conferences, meetings and training courses

    until now the MoO has poor communication skills, weak preparation and bad due care and attention. Enough pls. enough time and money wasting and wake up to be a responsible employee with care and love for your job and country. where is Iraq heading to ??

    Thank you