Postpone the bidding area gas exploration sixth to tomorrow at the request of the investing companies

Author: HM Editor: HAH Wednesday 30 May 2012 08:48 GMT
Oil Minister Abdul Karim and coffee
Sumerian News / Baghdad
The Ministry of Oil in Baghdad, Wednesday, the postponement of the bidding area gas exploration sixth to tomorrow, Thursday, at the request of the investing companies, stressing that the area located between the provinces of Najaf and Anbar.

The Minister of Oil Abdul Karim and coffee in an interview for a number of media including the "Sumerian News", on the sidelines of open bidding round of licensing the fourth, that the ministry has decided to delay the bidding on the board exploratory gas sixth between Najaf and Anbar, to tomorrow, Thursday, at the request of investment companies, "noting that" 15 companies bought the bags from the board out of the 47 companies participating in the round. "

And added to coffee to "spot area of ​​9000 km square," noting that "the ministry stipulated that companies developed to provide $ 20 million gift can not be retrieved."

And started at the Iraqi Oil Ministry in Baghdad, on Wednesday (30 May cur) licensing round, the fourth for 12 exploration blocks in various parts of the country, with the Minister of Oil Abdul Karim and coffee to round includes seven gas fields and five oil, while the Oil Ministry announced on winning coalition of three companies, Turkey and UAE and Kuwaiti investment exploratory oil patch ninth in the province of Basra.

And identified the Oil Ministry on Wednesday, on Thursday, a date for the start of the fourth licensing round with the participation of 47 companies worldwide.

The Iraqi Oil Ministry announced, on Tuesday, (28 of May) that Japanese companies are the most presence in the licensing round, the fourth, which begins today, with the participation of 47 companies from 24 countries, and while shown that the fields covered in this round are the patches exploratory undeveloped distributed to ten provinces, confirmed that it will sign contracts with service companies winning similar to what happened in the preceding three licensing rounds.

The Ministry of Oil in Iraq last March, for the fourth round of licensing for the development of 12 sites scattered exploration 6,500 km divided into ten provinces are Nineveh, Anbar, Najaf, Diwaniyah, Babil, Muthanna, Diyala, Wasit, Basra, Dhi Qar.

The Organization of Petroleum Exporting Countries (OPEC) has identified Iraq's share of three million and 800 thousand barrels per day, but it does not make only 2.5 million barrels per day at present, is determined by the share of export by agreement between the Member States and WHO, depending on certain criteria most important reserve all countries, with Iraq that calls for an increase of its share based on what he says is "new oil discoveries," it has.

And view the Iraq oil fields during the first licensing round and the second development by international companies to reach a production of at least 11 million barrels per day within the next six years, and to 12 million barrels per day after you add the quantities produced from other fields of national effort.

The Oil Ministry announced, in October of 2010 in the third round of licenses, winning coalition of companies (ITP any) or the Turkish and Kuwait Energy and Kocaz Korean investment in the field Mansourieh gas, also announced the winning consortium of Kuwait Energy, and (T-PAI or) the investment of the Turkish Saybah invasive, 30 km south of Basra, and the victory of a coalition of companies Kocaz Kaz Kazakhstan Korea and developed a crutch gas field in Anbar province in western Iraq.

Iraq exports crude oil from the ports of Basra and Khor al-Amaya in the Persian Gulf, as well as the Turkish port of Ceyhan on the Mediterranean, and through the truck by truck to Jordan, and the proportion of exports from the Basra oil about 90 percent, while the remaining issue of Kirkuk's oil fields north of the country through the Turkish port of Ceyhan.

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