Middle East Economic Survey
VOL. LII
No 8
23-Feb-2009
IRAQ
Baghdad Cuts State Equity Stake For FirstUpstream Auction
By Rafiq Latta in Istanbul
Iraqs Ministry of Oil meeting with 32 international oil companies (IOCs) in Istanbul on 12-14 February made some key changes to the proposed structure of its first upstream bidding round. The international investor equity stake for the six oil developments on offer has been increased from 49% to 75%, and a 5% field decline rate will be factored into...
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