Middle East Economic Survey


No 34


Baghdad Set To Launch Second Upstream Bidding Round

Iraq is to launch its second upstream licensing round at a road show in Istanbul on 25 August. In contrast to the first bidding round, awarded in late June, which focused on producing fields, the second round projects are on undeveloped or partially developed fields. And with around 35bn barrels of proven crude and 26 trillion cu ft of proven gas reserves, the acreage on offer...