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)…
Category: The View from Baghdad
The weekly article from Baghdad
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
Bid Round Five – Update
PCLD Jan.7, 2018 Announcement List of qualified companies announced Jan. 7, 2018 New Updated Timetable
Bid Round Five
By tendering new blocks for exploration, all of them close to the border with either Iran or Kuwait, Iraq is trying to catch up on the effort to increase its oil and gas reserves that has been interrupted by two major wars with the two neighbors in 1980 and 1990. To convince international oil companies to participate in this round, the fifth since Iraq opened its oil sector to foreign…