Middle East Economic Survey
Baghdad Ratifies Round 2 Oil Projects
Iraq’s cabinet on 5 January ratified four of the seven projects awarded in its second upstream bidding round last month (MEES, 21/28 December 2009). There have been some minor changes proposed, but ratification of the remaining three Round 2 contracts, covering pledges of 2.5mn b/d of new production, is expected shortly. But modifications Baghdad is proposing to the model contract for two...