Iraq Business News brings you the latest information on developments and opportunities in the oil and gas industry in oil and gas
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 of the licensing department said, told the news agency on Wednesday.
The licensing round has been repeatedly delayed to allow more time for companies to make remarks and changes so that the agreements are more attractive for investments.
Iraq is auctioning 12 exploration blocks, seven for oil and five for gas, according to the ministry. They contain 29 billion cubic meters of gas and 10 billion barrels of crude, Oil Minister Abdul Kareem al-Luaibi [Elaibi] said.