Middle East Economic Survey

VOL. LII

No 34

24-Aug-2009

First Round Of Licensing In Iraq: An Economic Evaluation

By Ali Merza

Dr Merza has worked for the Iraqi Ministries of Oil and Planning and for the UN Department of Economics and Social Affairs. E-mail address: akmerza@hotmail.com

Introduction

The initiation of two licensing rounds in Iraq has involved the invitation of pre-qualified oil companies to bid for set terms in service contracts, to rehabilitate and develop oil and gas fields in the...