Iraq will start preparations this week to hold a fourth licensing auction to award several oil and gas exploration contracts to international companies, a senior Iraqi oil official said yesterday.
"God willing, we hope to hold the fourth bid round this year," Abdul Mahdi Al Ameedi, head of Iraq's Petroleum Contracts and Licensing Directorate said.
Ameedi, whose office engineered three rounds in the last two years that led to awarding 15 oil and gas fields, didn't say how many exploration blocks would be offered in the new auction, but said it would include oil and gas ones.
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