Middle East Economic Survey

VOL. LII

No 48

30-Nov-2009

IRAQ

‘Big Oil’ Mobilizes For Baghdad Bidding Battle

International oil firms are gearing up for Iraq’s second upstream bidding round, scheduled for 11-12 December in Baghdad. Competition for the best fields on offer, especially from those companies that missed out on Round 1 awards, is expected to be white hot. Round 2 blocks are largely greenfield developments, without the complicated joint venture structures...