Iraq awards six blocks in auction

Iraq

BAGHDAD, April 26, 2018 – Iraq’s fifth bidding round ended on Thursday, with six of 11 blocks on offer awarded, international media reported.

Crescent Petroleum will sign exploration and development contracts for three blocks, Reuters reported, while China’s Geo-Jade will receive two licences and fellow China-based United Energy Group will get one. No further details were immediately available.

A total of five blocks received no bids, despite earlier reports by Iraqi officials of strong interest by IOCs in the auction.

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