Iraq finalizes IOC list for May 7 bidding round

Among the companies pre-qualified for new fields and blocks are at least eight with activities in Kurdistan's oil sector.
Iraq finalizes IOC list for May 7 bidding round
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)

Iraq's Oil Ministry plans to accept bids for nine oil fields and exploration blocks on May 7, just five days before the country's national elections.

The plans, announced Monday, set a tight timeframe for both the Oil Ministry and the 26 companies that have been authorized to take part in the contract auction – the first since 2012.

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