Iraq’s Fourth Bid Round: Assessment Of The Outcome
By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.
After many postponements, Iraq’s fourth bid round took place on 30-31 May 2012. Twelve exploration blocks were offered, but only three were awarded.
With two-thirds of the offered blocks receiving no bid, this must be a disappointing result for the Ministry of Oil. Many commentators would see this as obvious failure, and the ‘blame game’ has begun.
But as always, there are different ways to look at the event and interpret its outcomes, from different perspectives, as this brief paper, initially published by MEES, attempts to do.
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Mr Jiyad is an independent development consultant and scholar. He is the founder of Iraq/Development Consultancy and Research (Norway) and Associate with the Centre for Global Energy Studies (CGES), London, with 40 years of international experience in Iraq, US, UK, Norway and with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway, and can be reached at: email@example.com).