Tuesday, 30 December 2008

Iraq's second oil, gas bidding round shrinks to 10 fields

It sounds that Iraqi Oil Ministry has changed its mind and decided to offer 10 oil and gas fields in its second bidding round instead of 14 fields as some oil officials in Baghdad said last week, Sinan Salaheddin reports for the Associated Press (AP).
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Hussein al-Shahristani, in an interview late Monday with the state-run Iraqiyah TV, named only two giant oil fields to be inculded in the list, which are Majnoon and West Qurna Phase 2 in Basra, and left the others to be announced in his press conference due to be held Wednesday.

Al-Shahristani added that his ministry has focused on the fields which Iraq shares with neighboring countries, or that are located near borders, Salaheddin adds.

"It is unacceptable that neighboring countries extracting oil from the shared fields while Iraq stands motionless," he said. "We have decided to include these fields in the second licensing round and expedite" investments in them.


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