Middle East Economic Survey
VOL. LII
No 50
14-Dec-2009
Baghdad Round 2 Brings Multi-Million Barrel Production Promise
Iraq’s second upstream licensing round, being awarded on 11-12 December, promised to exceed expectations. Foreign oil consortia committed to add over 2mn b/d of new production at tough sub-$1.50/B fee levels on the first two of 10 projects on offer. The auction was continuing as MEES went to press. Shell (60%) and its partner Petronas (40%) outbid Total (57%) and...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!