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Sun 29 Apr 2018 11:31 AM

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Video: Iraq holds fifth oil field auction since 2009

Iraq is opening more of its undeveloped oil and gas resources to foreign companies.

OPEC's second largest oil producer held an auction on April 24, 2018 to award oil exploration and development contracts. 14 companies were qualified to bid, but only three firms have grabbed new contracts, and none of them are oil majors.

(Source: TRT World YouTube channel)