Korea’s SK let into 4th bid round after KRG exit
Iraq has allowed SK Innovation to bid in its fourth energy exploration block auction after the private South Korean company sold its stake in a Kurdish oilfield to Korea's already barred state oil company KNOC, Baghdad said on Thursday. Companies that have signed deals with the Kurdistan Regional Government (KRG), which is locked in a […]Daniel Fineren reports for Reuters:
Iraq has allowed SK Innovation to bid in its fourth energy exploration block auction after the private South Korean company sold its stake in a Kurdish oilfield to Korea's already barred state oil company KNOC, Baghdad said on Thursday.
Companies that have signed deals with the Kurdistan Regional Government (KRG), which is locked in a feud with the central government, have been blocked by Baghdad from taking part in an auction now planned for late May.
