Iraq invites foreign bids to develop 11 natural gas reserves in 11 new blocs

Iraq invites foreign bids to develop 11 natural gas reserves in 11 new blocs

BAGHDAD

 

Iraq on Sunday invited foreign companies to bid for contracts to explore and develop natural gas reserves in 11 new blocks as the OPEC member seeks to produce much-needed natural gas for power stations and cut imports that weigh on the country’s budget.