Iraq’s 5th Round Energy Auction to Follow

Following the allocation of only three of the 12 exploration fields on offer in Iraq’s 4th round energy auction, the Oil Ministry plans to go ahead with a 5th round auction for more sites.
“Of course, we will prepare for a fifth round, and we have more than 60 blocks ready for bidding,” Oil Minister Abdul Kareem al-Luaibi [Elaibi] told reporters after today’s auction, according to a report from Bloomberg.
“We will start, God willing, during the next months to prepare the data packages.”
(Source: Bloomberg)