Chinese bidders dominate Iraq licencing round, aimed to boost gas-burn

Monday, 03 June 2024

CNOOC and Sinopec have won the majority of licenses in Iraq’s latest licencing round – ahead of the Iraqi-Kurdish firm KAR while Western majors abstained. Iraq wants to boost domestic gas production to transition from fuel oil to cleaner-burning gas in the power sector and end to gas imports from Iran. 


Subscriber content
 

This content is available only to subscribers
please log in below or subscribe now / request a free trial