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Iraq will receive oil and gas bids in June
14:57 - 27/11/2017
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Information / Translation
Iraq announced on Monday that it would begin receiving bids for the development of nine oil and gas fields in June in an attempt by the Iraqi state to boost its oil imports.
"The detailed information on energy will be disclosed in the nine areas mentioned at the end of this month," the Associated Press news agency quoted the director of licensing and contracts at the Iraqi Oil Ministry, Abdul Mahdi al-Amidi, as saying.
"Companies bidding on projects will first be able to participate in the drafting of the contract, as a catalyst for bidders."
"Five of the nine fields or blocks as referred to by Iraq are shared with Iran and Kuwait and one in the Gulf."
Iraq has the fourth largest oil reserves in the world. Ending / 25 z
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