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Iraqi Oil Ministry announced the deadline for bids in exploration and production contracts

July 27/2011

(Arabian Oil and Gas) -- The Iraqi Oil Ministry has announced that the deadline for bids in the fourth round of exploration and production contracts will be either the 25 or 26 January 2012, according to the Iraq Oil Report.

The Oil Ministry is plowing ahead, despite objections from Iraq's MPs that no further progress should be made on awarding new contracts until after the suite of oil laws making their way through parliament have hit the statute books.

In addition to the 45 companies pre-qualified for the auction, 38 more firms filed applications with the Oil Ministry last month, reports Iraq Oil Report.

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