Middle East Economic Survey
Ministry Postpones Iraqi Bidding Round
Baghdad has delayed the award of its fourth upstream bidding round from late January to 7-8 March, the Ministry of Oils Petroleum and Licensing Directorate announced. Given the multiple challenges facing the ministry and the probable need to tweak some of the terms on offer in this, Iraqs first exploration bidding round, the postponement is probably prudent. The terms, unveiled at a road show...