Iraq bidding round delayed; ExxonMobil barred

01 March 2012

Iraq has postponed its fourth bidding round, yet again, to 30 and 31 May 30, when it will auction 12 exploration blocks. The oil ministry had previously said that the fourth auction would be held on 11 and 12 April. A ministry official told reporters the delay was caused by continuing talks over a proposed contract model. The date for the licensing round has been changed four times:from November...

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