Iraq won't auction remaining oilfields

[Kristy]

Director of Iraq's oil ministry's licensing and contracting office has said the country's two remaining supergiant oilfields, Kirkuk and East Baghdad, will not be auctioned for joint development with international oil firms, Reuters has reported. "We have offers from many companies, they want to develop them but really we don't," Abdul-Mahdy Al Ameedi told the news service.

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