Tag Archives | Auction

Dunia Weekly Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]

Dunia Weekly Iraq Market Tracker

Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]

Another Iraqi Oil and Gas Licensing Round Late 2011

Iraq aims to have another round of oil and gas licensing auctions during the fourth quarter of 2011, an Iraqi oil official said from Baghdad. Iraq has had three rounds of oil and gas auctions since the U.S.-led invasion in 2003. Increasing production at some of the fields, however, could mean overcoming some major technological […]

Fourth Bidding Round for 12 Iraqi Gas Fields

Iraq is considering holding a fourth bidding round for international energy firms interested in gas exploration contracts, government officials said on Sunday. Iraq will initially offer 12 exploration blocs, Oil Minister Abdul Kareem Luaibi [Elaibi] told reporters. According to both Reuters and Associated Press, the minister did not give further details, but Abdul-Mahdy al-Ameedi, head […]

Gas Auction Delayed, But How Many Companies Interested?

Rumours of a delay in Iraq’s gas auction have proved to be true, with companies being given an additional three weeks to consider their response to the new contract terms. Both AKnews and MEED report that the new deadline for submissions is extended from 1st October to 20th October. AKnews suggests that as many as […]

Terms Clarified for Iraqi Gas Contracts

Gas companies bidding to develop three Iraqi gas fields (Mansouriya, Akkas, and Siba) have had the terms of the deal clarified. Reuters reports that the companies will not have to develop export facilities or pipelines, and that the Oil Ministry will pay the companies anyway so long as they have done the required work (even […]

Iraqi Gas Auction to be Delayed?

Iraq is still planning to hold a licensing auction to award three major gas field licences as scheduled on 1st October, but according to Dow Jones, an Iraqi oil official has conceded that a delay is possible. Eleven international companies have paid the participation fees. They are reported to include Italy’s Edison (EDN.MI), France’s Total […]

Gas Fields Bidding – Iraq Readies Contracts

Iraq, site of the world’s third-largest oil reserves, will hold a third bidding round for gas fields which will take place on October 1, an Oil Ministry official has confirmed, according to a report from Bloomberg. “Definitive model contracts and final tender protocols will be ready on September 10, and the bidding process will be […]

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Gas Auction Postponed, but Terms Sweetened

Iraq is about to sweeten the contract terms for its third bidding round for its three prized natural gas fields, in an attempt to entice international companies to enter the auction, according to a report in the Wall Street Journal. Unlike oil deals for the first and second bidding rounds for oil fields last year, […]

Iraq to Launch Gas Field Auction: Ministry

Iraq is set to call for bids from energy firms to develop its gas fields, the oil ministry said on Wednesday, as the war-ravaged country seeks new revenue sources to rebuild its battered economy. “The ministry will announce tomorrow (Thursday) the launch of a tender to develop gas fields and it will invite international companies […]