Breaking News | No Top Companies Win Iraq Oil, Gas Auction

Breaking News | No Top Companies Win Iraq Oil, Gas Auction
Breaking News | No Top Companies Win Iraq Oil, Gas Auction

Iraq failed to attract investment from top global energy companies in its oil and gas exploration/development auction on Thursday, with no major firms winning any bids and only Italy’s Eni submitting an offer. The Oil Ministry held an auction to award contracts to international energy companies, with 11 blocks on offer near the borders with Iran and Kuwait, and in offshore Persian Gulf waters, Reuters reported. “We have decided to speed up the development of border fields after five decades with…

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