The Iraqi Oil Ministry will issue the final draft contracts for the next round of energy-exploration rights on 20th April 20, according to a report from Bloomberg. Companies that were pre-selected to bid in the two-day May 30 licensing round have until today (Thursday) to comment on the preliminary drafts, Abdul Mahdy al-Ameedi, the director-general […]
Iraq has reportedly made "favourable" changes to some of the terms of the 20-year technical service contracts offered under the 4th energy licensing round. International companies have been invited to compete for the rights to explore for oil and gas in 12 blocks to be auctioned in May. According to Dow Jones, the most important […]
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The Iraqi Deputy Prime Minister for Economic Affairs, Rosh Shaways [Rowsch Shaways], has asked government officials to stop threatening oil companies that are operating in Iraqi Kurdistan, according to Bloomberg. “These statements will give a negative picture to investors and violate the state’s public policy of opening the economy and promoting investments in all fields,” […]
ExxonMobil is to be excluded from Iraq's fourth licensing auction because of its deals in Iraqi Kurdistan. "The Iraqi government has decided that Exxon won't be allowed to participate in the next oil and gas bidding round," Faisal Abdullah, a spokesman for Iraq's Deputy Prime Minster for Energy, Hussein al-Shahristani, said on Monday. "We are […]
Following Total's statement on Friday that it was considering possible investments in Iraqi Kurdistan, Deputy Prime Minister for Energy Hussain al-Shahristani warned the French major on Sunday that it would bear the "full consequences" if it did. "The position of the Iraqi government will be the same as with the other oil companies, that no company […]
Reuters reports that Iraq has allowed the privately-owned Korean firm SK Innovation to bid in its fourth energy auction, after the company sold its stake in the Bazian block in Kurdistan. The stake was sold to the state-owned Korea National Oil Corporation (KNOC), which was already barred from participating due to its stakes in both […]
Iraq has postponed its next energy licensing round by more than a month to May 30, a senior government official has said. Speaking to Reuters on January 31, Abdul Mahdy al-Ameedi, the Oil Ministry’s Director-General, said the decision to move the date back had been made to allow potential bidders more time to study the […]
Iraq’s legislation doesn’t prevent oil companies from signing deals with the central government in Baghdad and with the KRG, as ExxonMobil has done, said Adnan al-Janabi, chairman of Iraq’s Oil and Energy Committee. Speaking on the sidelines of an oil conference in London, he added, "there are no blacklists in parliament". “With or without the […]
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 […]
Reuters reports on Wednesday that Iraq has delayed its 4th energy bidding round by more than a month. Originally scheduled for 7-8 March, the auction for the 12 new gas and oil exploration blocks will now be held on 11-12 April. Abdul-Mahdy al-Ameedi, director of the oil ministry's contracts and licensing directorate, told Reuters: "We […]
The Iraqi Oil Ministry said on Saturday that it will prevent ExxonMobil from participating in the fourth oil licensing round if it does not cancel its contracts with the Kurdistan Regional Government, according to AKnews. Abdul Mahdi al-Amidi, Director General of the Contracts and Licenses Department, said that Exxon Mobil violated the working laws of […]
