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Iraq Postpones New Oil Bidding Round To January 2012 - Oil Minister

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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 11:33 AM
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Iraq Postpones New Oil Bidding Round To January 2012 - Oil Minister /

BAGHDAD -(Dow Jones)- Iraq will hold a fourth oil and gas licensing auction in January 2012, instead of the previously announced date of November this year, offering international companies some 12 exploration blocks located in various parts of Iraq, the country's oil minister said Monday.

The Iraqi oil ministry is offering seven blocks that are expected to contain mainly natural gas, while the remaining five blocks are containing crude oil, Abdul Kareem Luaiby told a news conference.

Iraq, which sits on the world's third largest oil reserves, has held three successful bidding rounds in the last few years to auction off 15 of the country's most prized oil and gas fields.

(that's all there is)

-interesting how the postponed it to AFTER the US pull out date of Dec. 31st 2011.

Strange things are afoot.
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