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Iraq’s oil ministry has signed remaining binding growth contracts for awards made in the course of the nation’s Licensing Spherical 5+ (LR5+) and Licensing Spherical 6 (LR6) performed earlier this 12 months (MEES, 17 Might). Finalization follows the signing of ‘preliminary contracts’ in August (MEES, 16 August), with the following delay largely as a result of one-month absence of oil minister Hayan Abdulghani from mid-September attributable to health-related points (MEES, 11 October).

Iraq awarded 13 blocks in the course of the mixed rounds in Might, however a 31 October press launch by the ministry lists 14 contracts being signed. The spherical was dominated by Chinese language companies, with state companies Sinopec and CNOOC and a raft of small independents securing property. (CONTINUED – 197 WORDS)

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