Iraq Delays 4th Energy Round Again

Reuters reports that Iraq has delayed its 4th energy auction until the end of May.

"The oil ministry has decided to delay the 4th bidding round until May 30-31 to give more time for the interested companies to study the new amended contract," said Abdul-Mahdy al-Ameedi, director of the oil ministry's petroleum contracts and licensing directorate (PCLD).

The auction for the 12 new gas and oil exploration blocks has been delayed several times and had most recently been scheduled for 11-12th April.

(Source: Reuters)

Comments are closed.