Iraq OKs six new oil companies to bid in January
Six new companies, including two implicated in the Saddam Hussein-era Oil-for-Food scandal, will be allowed to participate in a January auction for 12 exploration blocks.A representative of Kuwait Energy casts its winning bid for the Siba gas field as oil ministry leaders look on at the Oct. 20, 2010 licensing round. (BEN LANDO/Iraq Oil Report)
In a sign of growing interest in Iraq's upcoming bidding round – its fourth auction for oil and gas development deals since mid-2009 – another six foreign oil companies have been pre-qualified to participate, days after an American firm was disqualified for signing deals with the semi-autonomous Kurdistan region.
Officials from the new firms, which hail from Europe, Asia and the Middle East, will join executives from the 40 companies already pre-qualified for a series of meetings with Iraqi Oil Ministry officials at a "roadshow" in Amman on Sept. 11 and 12.
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