Exploration & Production

Iraqi licensing round draws 14 expressions of interest

Iraq’s latest oil and gas licensing round has attracted expressions of interest from 14 companies
By Staff reporter 16 April 2018 0 30443

Iraq’s latest oil and gas licensing round has attracted expressions of interest from 14 companies, according to the country’s oil ministry.

Iraq is offering 11 exploration blocks located near the Kuwaiti and Iranian borders and in the Gulf.

The ministry has postponed the deadline for bids to 25 April, from 15 April, having previously brought the deadline forward from June.

Iraq has said it will offer different terms to IOCs than those presented in previous rounds.