Iraq delays 4th energy auction to Apr 11-12-official

[k98nights]

BAGHDAD | Wed Jan 4, 2012 6:32am EST

Jan 4 (Reuters) - Iraq has delayed its 4th energy bidding round to April 11-12, when 12 new gas and oil exploration blocks will be auctioned to international energy firms, a senior oil ministry official said on Wednesday.

The auction had been scheduled for March 7-8.

"We have decided to push back the bidding process in order to give companies more time to consider the final contract model and also in response to requests by many firms to postpone the auction," Abdul-Mahdy al-Ameedi, director of the oil ministry's contracts and licensing directorate, told Reuters.

http://www.reuters.com/article/2012/01/04/iraq-energy-auction-idUSL6E8C417J20120104?feedType=RSS&feedName=rbssEnergyNews

[tim5400]

This is the oil companies saying ..."Get your ^%#$ together you dumbasses so we can make some money".....IMO ......Hey K98....love the avatar...is that a exploding cigar

Edited January 4, 2012 by tim5400

[k98nights]

This is the oil companies saying ..."Get your ^%#$ together you dumbasses so we can make some money".....IMO ......Hey K98....love the avatar...is that a exploding cigar

Naaaa it's a good one though! Or was... I enjoyed that one greatly