Iraq awarded 6 out of 9 blocks and gas fields at its fifth bid round. Here are the results of the bidding round held in Baghdad on April 26, 2018. Bid Round 5 – Results
Author: Ruba Husari
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Bid Round 5 – Factsheet
Map of 11 blocks and fields. List of blocks and fields. List of 14 companies who paid the participation fee and acquired the data package. Development & Production Contract Exploration, Development & Production Contract Bid Round 5 – Results
Bid Round 5 – A Hybrid Contract
Iraq’s fifth bid round launched last year has fallen victim to national electioneering. After missing the first deadline in the timeline announced end of November to conduct a roadshow for the tendered exploration blocks by early February, technocrats at Iraq’s oil ministry received sudden instructions to cut through the usual process and prepare to award exploration and development contracts by April 15. Just like the Iraq National Oil Co (INOC)…
INOC LAW
This is the final text of Iraq National Oil Co (INOC) law voted by the Iraqi Parliament on March 5, 2018 INOC LAW 2018