International firms compete for 30 energy projects in Iraq

Baghdad (IraqiNews.com) – In its effort to boost the national economy and attract foreign investments, the Iraqi Ministry of Oil revealed a new round of oil exploration and production licenses, aiming to attract international energy companies to carry out 30 strategic projects in various areas of Iraq.

International companies taking part in Iraq’s oil and gas sector withdrew due to security, political, and technical challenges; however, the Iraqi government seeks to stimulate this sector and re-attract investments by providing a…