IRAQ: Baghad invites international oil and gas companies to bid for the right to develop three gas fields

Record ID: 343539

  • Title: IRAQ: Baghad invites international oil and gas companies to bid for the right to develop three gas fields
  • Date: 7th May 2010
  • Summary: BAGHDAD, IRAQ (MAY 6, 2010) ( REUTERS) IRAQ'S OIL MINISTER HUSSAIN AL-SHAHRISTANI GIVING NEWS CONFERENCE IN BAGHDAD IRAQI FLAGS (SOUNDBITE) (Arabic) HUSSAIN AL-SHAHRISTANI , IRAQ'S OIL MINISTER, SAYING: "We announce today the launch of the third energy auction to develop three gas fields. The fields are Akkas, Mansuriyah and Siba." SCREEN SHOWING NEWS CONFERENCE (SO
  • Embargoed: 22nd May 2010 13:00
  • Keywords:
  • Location: Iraq
  • Country: Iraq
  • Topics: Domestic Politics,Energy
  • Reuters ID: LVA10KCAI4DJAFW0REDFZ1AHCW76
  • Story Text: Iraq announced on Thursday (May 6) the launch of a third energy auction to invite international oil and gas companies to bid to develop three gas fields.
    Two of the fields to be tendered, the 2.1 trillion cubic feet Akkas field, and Mansuriyah, with estimated reserves of 3.3 trillion cubic feet of gas, were unsuccessfully put on auction last June.
    The third field, Siba, had initially been included in Iraq's second oilfield auction in December but was taken out of the list of reservoirs on offer because the ministry decided it was small enough for Iraq to develop on its own.
    Iraqi Oil Minister Hussain al-Shahristani made the announcement at a news conference in Baghdad.
    Shahristani added that the oil ministry had sent the final draft of a gas deal with Royal Dutch Shell to cabinet for approval.
  • Copyright Holder: REUTERS
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