Chinese firms dominate second day of 5-plus/6th bid round
Ten of the 12 projects awarded so far in Iraq's latest oil and gas contracting process have gone to Chinese companies, with one more day of bidding expected Monday.
Bids are submitted on the second day of the fifth-plus and sixth licensing round for oil and gas projects, on May 12, 2024, at the Oil Ministry headquarters in Baghdad. (Photo credit: Oil Ministry)
Iraq’s Oil Ministry awarded five oil and gas development projects, all to Chinese companies, on the second day of a three-day bidding process for the fifth-plus and sixth licensing rounds.
Of the 13 projects offered on Sunday, seven others received no bids and one received a bid but was not awarded.
Sunday's bidding follows an opening day in which Iraq awarded seven deals — five to Chinese firms and two to the Iraqi Kurdish company KAR Group.
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