Iraq announces 6th bid round, offering 11 gas blocks
Another new contracting round builds on recent momentum to attract investors and raise domestic gas supplies.
Iraqi Prime Minister Mohammed Shia al-Sudani speaks at a ceremony to mark the 60th anniversary of the founding of OPEC in Baghdad, on June 16, 2023. (Photo credit: Oil Ministry)
Iraq’s Oil Ministry is stepping up its efforts to boost gas production capacity, launching yet another new contract licensing round this year that is focused on 11 new gas blocks.
The ministry's June 18 announcement of the sixth bid round builds further on momentum from its February signing of six contracts — including four gas blocks — that had originally been awarded in the fifth bid round in 2018. The ministry followed up in May by announcing a "five-plus" round for 13 oil and gas blocks, including some that had been offered but not awarded in the fifth round.
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