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Iraq oil and gas exploration and development auction ends

Business | 2018-04-26 17:03:49
Iraq oil and gas exploration and development auction ends
 Iraq has awarded Iraqi-owned United Arab Emirates-based Crescent Petroleum three exploration blocks in an oil and gas exploration and development contract auction Thursday and China's Geo-Jade won two.

United Energy Group, also based in China, won one contract and a total of five blocks received no bids.

Iraq is offering 11 new blocks for exploration in border areas with Iran and Kuwait and in offshore Gulf waters.
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