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Iraq awarded contracts for just over half of the energy deposits offered in an auction that failed to attract bids from most of the big oil companies that initially expressed interest.Crescent Petroleum was awarded development and production contracts for the Gilabat and Qumar gas fields, with a remuneration of 9.21 percent net profit to the company, the lowest of all bids, Luaibi said.Its contract for the Khashim Ahmar and Injana gas fields has a remuneration of 19.99 percent, and its third agreement covers the Khider al-Mai block in southern Iraq, with a remuneration rate of 13.75 percent.
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