You are here: Home » Oil » Blacklist enlarged and challenged

Blacklist enlarged and challenged

By working in the KRG, a Chinese company is barred from bidding for oil fields offered by Baghdad, while a Korean firm is apparently back at work despite oil purchases.

By Ben Lando of Iraq Oil Report
Published October 1, 2009

Chinese state-owned oil firm Sinopec will be removed from the pre-qualified list of companies allowed to bid on oil fields in a December auction if it completes its purchase of Swiss-Canadian firm Addax Petroleum.

An Iraqi Oil Ministry official confirmed media reports of the blacklist Thursday. He also reiterated SK Energy must make a choice between purchasing Iraqi oil exports or engaging in a Korean consortium in Iraqi Kurdistan’s oil sector.

Addax and SK are among the 35 companies...

This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription or sign up for a free trial.