Tag Archives | oil auction

New Oil Licences: Poor Management, Dubious Contracts, Bad Results

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. The Fifth Energy Bidding Round: Poor Management, Dubious Contracts and Bad Results – Attracted Unprecedented Opposition Prominent Iraqi oil experts and professionals drafted and endorsed a unified position’ statement (UPS) addressed to […]

Iraq Awards New Oilfield Licences: FULL LIST

By John Lee. Iraq’s Ministy of Oil has awarded all four development projects, and two of the seven exploration blocks, that it offered in its fifth auction of oil licences. Only nine of the 26 companies originally pre-qualified took part in the auction, with majors such as Lukoil (Russia), ExxonMobil (US) and Total (France) not bidding. Development […]

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 […]

Two Karbala Oilfields in Next Licence Round

Two oilfields in western Karbala have been listed by the oil ministry within its next oil licensing round, the Mayor of the Ain al-Tamr district said on Tuesday. “The ministry listed the two oilfields of Naft al-Khadiera, which were discovered in 1991 in the Ain al-Tamr district, within the next licensing round to be invested […]