Iran-Iraq Giant Oilfield Up for Grabs this Summer

The Azadegan Oilfield, owned jointly by Iran and Iraq is going to be tendered in summer 2018 ... This is huge: an estimated 33 billion barrels of crude oil in place. Shell?

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Shell's already developed the Iraqi part of this, so just the Iranian part up for grabs?

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42 minutes ago, TraderTate said:

Shell's already developed the Iraqi part of this, so just the Iranian part up for grabs?

Right. The Iraqi side of it is the Majnoon. This new tender (which has been delayed repeatedly)is just for the iran side. Inpex, CNPC, Shell, and Total all have their hat in the ring so far. 

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