Middle East Economic Survey
VOL. LII
No 51-52
21/28-Dec-2009
Baghdad Awards 4.8Mn B/D Second Tranche Of Upstream Oil Projects
Bids in Iraq’s second upstream bidding round, awarded 11-12 December, met expectations of multi-million b/d capacity pledges, while white hot competition on prices left many oil industry observers reeling. The 4.8mn b/d of new capacity pledged from the seven Round 2 projects combined with an equal volume from Round 1 could theoretically boost Iraqi...
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