Advertisement
| 26 April, 2018

Iraq oil and gas exploration and development auction ends

United Energy Group, also based in China, won one contract and a total of five blocks received no bids.

Image used for illustrative purposes ,A worker adjusts the valve of an oil pipe at Najaf oil refinery in Najaf, 160 km (99 miles) south of Baghdad, October 3, 2013.

Image used for illustrative purposes ,A worker adjusts the valve of an oil pipe at Najaf oil refinery in Najaf, 160 km (99 miles) south of Baghdad, October 3, 2013.

REUTERS/Ahmad Mousa

BAGHDAD- Iraq has awarded Iraqi-owned United Arab Emirates-based Crescent Petroleum three exploration blocks in an oil and gas exploration and development contract auction on Thursday and China's Geo-Jade won two.

United Energy Group, also based in China, won one contract and a total of five blocks received no bids.

Iraq is offering 11 new blocks for exploration in border areas with Iran and Kuwait and in offshore Gulf waters.

Advertisement

(Reporting by Maher Chmaytelli; writing by Ahmed Aboulenein, editing by Alexandra Hudson) ((ahmed.aboulenein@thomsonreuters.com; +964 790 191 7021; Reuters Messaging: ahmed.aboulenein.thomsonreuters.com@reuters.net))