The Iraqi Ministry of Oil is launching two new oil and gas upstream licensing rounds for up to 30 blocks across the country.
The Ministry is said to have amended a couple of details in their previously offered profit sharing contracts, in order to attract foreign investments, following a recent IOC exodus from the country.
The following note delves into the following key aspects:
- The most promising Iraqi fields on offer
- Details of the contracts offered
- The contract details amended by the Ministry of Oil
- Iraqi plan to handle security risks
