26 April 2024
Iraq to delay fourth exploration bidding round
Publication date: 05 January 2012
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Media reports on Wednesday quoting a senior Iraqi Oil Ministry official suggested that the country’s fourth exploration bidding round, scheduled for the start of March, will now be postponed until mid-April. The official said the delay was requested by potential bidders, with some companies wanting more time to consider the contract model. The round will auction off 1visual_editor new exploration blocks, seven of which hold gas resources.