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[size=36]Oil sets a date for the launch of the fifth and sixth licensing rounds[/size]
Economy | 10:52 - 02/22/2024
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Mawazine News - Baghdad
The Ministry of Oil has set the end of next April as the date for the launch of the fifth complementary and sixth licensing rounds.
Assistant Director General of the Department of Petroleum Contracts and Licensing in the Ministry, Muhammad Najm Al-Saadi, told the “Official Newspaper” followed by Mawazine News that “the sales of information packages for the fields that will be presented during the two rounds are still continuing,” indicating that the giant Italian National Hydrocarbons Agency, ENI, for exploration Oil extraction and Shell, the leader in the field of the oil market, were among the companies that applied and bought these portfolios.
He added, “The launch of the fifth and sixth complementary rounds has been set for the end of next April, and the total number of projects proposed in them is 30 projects distributed by 16 projects within the appendix of the fifth supplementary round. Including 8 exploration blocks with oil promise, 8 oil fields, and the 14 projects within the sixth round, including 11 exploration blocks with gas promise and 3 with oil promise.
The Ministry of Oil has set the end of next April as the date for the launch of the fifth complementary and sixth licensing rounds.
Assistant Director General of the Department of Petroleum Contracts and Licensing in the Ministry, Muhammad Najm Al-Saadi, told the “Official Newspaper” followed by Mawazine News that “the sales of information packages for the fields that will be presented during the two rounds are still continuing,” indicating that the giant Italian National Hydrocarbons Agency, ENI, for exploration Oil extraction and Shell, the leader in the field of the oil market, were among the companies that applied and bought these portfolios.
He added, “The launch of the fifth and sixth complementary rounds has been set for the end of next April, and the total number of projects proposed in them is 30 projects distributed by 16 projects within the appendix of the fifth supplementary round. Including 8 exploration blocks with oil promise, 8 oil fields, and the 14 projects within the sixth round, including 11 exploration blocks with gas promise and 3 with oil promise.
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