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Ministry of Oil Announces Five International Oil Companies Will Join List to Bid for Oil Blocks in Iraq

According to the Iraqi Ministry of Oil, 26 companies were qualified to bid for oil and gas blocks which are located in border areas of Iraq.

According to the Iraqi Ministry of Oil, 26 companies were qualified to bid for oil and gas blocks which are located in border areas of Iraq. As much as 21 companies were already approved to participate in the bidding and a further 5 were selected.


Bidding for the new blocks commenced in November 2017 which allowed foreign IOC's the opportunity to explore and develop natural gas and crude oil reserves in 9 new blocks. The ceremony announcing the successful applicants will be held on June 21st after bidding will be finalized end of May 2018.

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