Iraq hikes signing bonus as bidding nears end

Iraq has sent out its final licensing round terms document to prospective bidders, raising the sums sought in signatory bonuses significantly in exchange for other loosened term conditions.

The Iraqi Oil Ministry has published the final first licensing round terms document, making it possible for pre-qualified companies to move on with finalising their bids before the now planned end-June bid submission and the ensuing contract signing, now scheduled for August.