Middle East Economic Survey


No 32  


Lack Of Purchase Commitment Rattles Prospective Iraq Gas Bidders

News that Baghdad will commit to buy only up to 50% of volumes produced from gas blocks on offer in Iraq’s planned third bidding round is worrying prospective bidders, MEES learns.  At a workshop in Istanbul on 1-2 August, Iraqi officials also informed interested international oil firms that awards would be postponed a month to 1 October, with...