Iraq to sign development contracts for six blocs| MENAFN.COM

Monday, 03 October 2022 08:39 GMT

Iraq to sign development contracts for six blocs

(MENAFN- Gulf Times) Iraq will sign oil and gas exploration and development contracts for six blocks on Sunday and Monday, the oil ministry said in a statement on Saturday.

Three contracts are to be signed on Sunday with Iraqi-owned, United Arab Emirates-based Crescent Petroleum and on Monday two contracts will be signed with China's Geo-Jade and one with United Energy Group, also based in China.
The oil ministry had held an auction last month to award contracts to international energy companies with 11 blocks on offer near the borders with Iran and Kuwait and in offshore Gulf waters. Five failed to attract any bids.

Last updated: June 02 2018 11:21 AM


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.