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Korea’s SK let into 4th bid round after KRG exit

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.

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