No. 56



Iraq To Sign Oil Drilling Contract With Romania's Rompetrol

The Iraqi National Assembly (parliament) has authorized the Ministry of Oil to sign a contract with Romania's Rompetrol worth $26.5mn to drill 48 oil wells with payment to be made in crude oil over a two year period after the sanctions are lifted, according to the Iraqi News Agency (INA) on 17 October. The report did not mention when the contract would be signed or whether Rompetrol would...