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Reuters reports that Iraq has allowed the privately-owned Korean firm SK Innovation to bid in its fourth energy auction, after the company sold its stake in the Bazian block in Kurdistan.
The stake was sold to the state-owned Korea National Oil Corporation (KNOC), which was already barred from participating due to its stakes in both Bazian and Sangaw North.
American oil firm Hess Corp was also excluded from bidding for the similar reasons.
The next licensing round has been repeatedly delayed and is currently expected to take place May 30-31.
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The stake was sold to the state-owned Korea National Oil Corporation (KNOC), which was already barred from participating due to its stakes in both Bazian and Sangaw North.
American oil firm Hess Corp was also excluded from bidding for the similar reasons.
The next licensing round has been repeatedly delayed and is currently expected to take place May 30-31.
[You must be registered and logged in to see this link.]
