Sign Up for FREE Daily Energy News
canada flag CDN NEWS  |  us flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • instagram
  • youtube2
BREAKING NEWS:
WEC - Western Engineered Containment
WEC - Western Engineered Containment


Iraq to receive bids for developing oil, gas fields in June


These translations are done via Google Translate

BAGHDAD — Iraq says it will start receiving bids next June for projects to develop nine oil and gas fields in an attempt by the war-ravaged nation to boost energy revenues.

Abdul-Mahdi al-Ameedi, who heads the Oil Ministry's Licensing and Petroleum Contracts Department, said on Monday that detailed energy information on the nine areas in question will be disclosed at the end of this month.

Al-Ameedi says companies that bid on the projects will for the first time be able to take part in the drawing up of the contract, as an incentive for the bidders.

He says five of the nine fields or blocs as they are called are shared with Iran, three with Kuwait and one is located in the Persian Gulf.

Iraq has the world's fourth largest oil reserves.

The Associated Press



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE