Middle East Economic Survey

VOL. LIII

No 16

19-April-2010

Baghdad Looks To Launch Gas Round As Political Talks Intensify

Iraqs Ministry of Oil plans to launch a third upstream bidding round, this time covering three gas fields with over 7.5 trillion cu ft (tcf) of proven reserves combined. The initiative comes amid strenuous efforts to get work started on the massive crude oil production capacity expansion envisaged from blocks awarded in the first two rounds last year. Teething issues on these...