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Iraq to launch second auction for contracts
- Iraq: Monday, October 19 - 2009 at 10:06
Abdul-Mahdy al-Ameedi, deputy director of Iraq's Petroleum and Licensing Directorate, has announced that Iraq will hold a second auction of contracts to develop some its prized oilfields on December 11-12, Reuters has reported. Contract terms for the second round would be similar to those in the first, he said. Iraq had lowered taxes on fields offered in the first round to get oil firms back to the table to renegotiate.
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