Iraq-New Oil Licensing Round: Offering better terms and guarantees

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