Iraq ends year unveiling oil and gas fields for second bidding round

Iraq on Wednesday opened up some of its most prized oil and gas fields to international firms that have been excluded for decades, part of new deals that could more than double its output within a few years, Ahmed Rasheed reports for Reuters. In a second bid round, following on from one earlier this year, Iraq has put forward 11 fields.

Rasheed reports three fields are on the borders with either Iran or Kuwait, and the countries will have to create a plan to jointly develop them.

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