Thursday, April 17, 2008

Iraq to open oil-field bidding

Iraq will open at least six major oil and natural-gas fields for exploration and production in the first bidding for licenses since the U.S.-led invasion in 2003.

Iraq, which pre-qualified international oil companies this week for the bidding, will open the southern fields of Rumaila North, Rumaila South, West Qurna and Zubair for exploration, Oil Minister Hussain al-Shahristani said in an interview in Brussels yesterday. In the north, international oil companies will be invited to develop the Kirkuk oil field and the Akkaz gas field.

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