IRAQ

 

Bashneft And Premier Close To Clinching Block 12

Russia’s Bashneft is in advanced talks to negotiate an exploration deal for Iraq’s Block 12, for which it made a failed bid in Baghdad’s fourth upstream licensing round on 30-31 May. Then, PetroVietnam and its partners Bashneft and UK independent Premier Oil bid a $9.85/barrel of oil equivalent (boe) remuneration fee for the oil-prone block in Najaf and Muthanna provinces and also failed...