The Iraqi Ministry of Oil announced last month (13/5/2024) the results of the oil and gas licensing round for 29 oil and gas fields.
Chinese companies obtained a number of these licenses at the expense of U.S. companies and ADNOC.
Iraqi Prime Minister Mohammad Shia Al-Sudani believes there are several reasons why China is enjoying success in the country more than the West.
This note delves into the following key aspects:
- Al-Sudani views on the results of the licensing round
- The reasons behind China’s success
- U.S. companies excuses for not winning any bids
- Why did ADNOC fail to win an offer?
