Iraq round show of no hands

Empty seats: representatives of international oil companies at the first day of round bidding in Baghdad on Wednesday

Iraq awarded only one out of six new oil and gas blocks to foreign companies on Wednesday in the first day of bidding in its fourth licensing round as oil companies were turned off by tough contract terms, according to a report.

User

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login