Iraq is looking to award 30 new oil and gas projects to international companies in two licensing rounds.
Start Trading CFDs Over 2,200 Different InstrumentsStart Trading CFDs Over 2,200 Different Instruments23 hours4 daysTsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Iraq is inviting international companies to bid for 30 new oil and gas projects in two licensing rounds until January 2024, as OPEC’s second-largest oil producer looks to boost crude production and reduce gas import dependence.
Despite being rich in oil and gas, Iraq has had to import gas from neighboring countries, including Iran, for fuel at its power plants. Last month, Iraq’s Prime Minister Mohammed Shiaa al-Sudani met in New York with representatives of dozens of U.S. energy companies Secretary Blinken “encouraged the Government of Iraq to continue sustainably developing energy resources and combating climate change and underscored U.S. support for re-opening of the pipeline with Türkiye,” the U.S. Department of State
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