10/10/2011 15:42
Erbil, 10 October / October (Rn) - The Iraqi Oil Ministry official said on Monday that Iraq postponed a fourth round of awarding energy contracts to the seventh and eighth of March / March for technical reasons. and was scheduled to start a tour of awarding contracts on 25 and January 26 and that will be through contracts to explore for oil and gas in 12 new area. quoted "Reuters" Sabah Abdul Kadhim, director of Legal Affairs in the Department of Contracts and Licensing oil ministry, as saying that "the objective is to give oil companies more time to study the conditions of contracts, taking into account the holidays on the occasion of Eid al-Fitr and Christmas. " and Iraq has chosen 46 companies to participate in a tender involving 12 area exploration is expected to add 29 trillion cubic feet of natural gas and ten billion barrels of oil reserves in Iraq. said Abdul-Kadhim was in front of energy companies, according to the schedule rate until October 11 II / November to comment on model contracts for exploration and will be the final protocol of tender and finalization of the contract on 27 January / January and gave the companies interested in Iraq until the third of February to pay participation fees. The focus of the fourth round in most of the contracts for gas exploration. Iraq has the fourth-largest oil reserves in the world and burn about 700 million cubic feet of gas per day in the southern fields. According to data from the U.S. Department of Energy occupy Iraq reserves, of gas, which amounts to about 112 trillion cubic feet, the center tenth in the world. Open: Abdullah Sabri
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