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Iraq delayed an international auction of rights to 11 of its oil and natural gas deposits, pushing back the bidding date after introducing changes to the contract, according to people familiar with the matter.Iraq invited companies including Eni SpA and Lukoil PJSC to bid for the rights to explore and develop fields along its borders with Iran and Kuwait.Foreign investment and expertise are crucial for Iraq to meet its goal of pumping 6 million barrels a day by 2020 as it overcomes decades of conflict and sanctions. Crude output has gained sharply in recent years, turning Iraq into the second-biggest producer in the Organization of the Petroleum Exporting Countries.
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