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Iraq to sign exploration contracts
June 4, 2018
Source: Reuters

Iraq to sign exploration contracts

The Oil Ministry of Iraq yesterday stated that it will sign contracts for oil and gas exploration and development of six blocks. The ministry had held an auction in May, for 11 blocks on offer, near the borders with Iran and Kuwait and in offshore Gulf waters. Five blocks failed to bring investors on board. The contracts have been awarded to UAE-based Crescent Petroleum, China’s Geo-Jade and United Energy Group.

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