Iraq OKs $998 mln oil contract with Samsung-source
BAGHDAD | Tue Jan 24, 2012 9:11am EST
Jan 24 (Reuters) - Iraq's cabinet approved a $998 million oilfield service contract on Tuesday with a South Korean company for the West Qurna Phase Two oilfield, the cabinet said in a statement.
An Iraqi oil official who asked not to be identified said the deal was with Samsung Engineering, the only South Korean company on the final shortlist.
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BAGHDAD | Tue Jan 24, 2012 9:11am EST
Jan 24 (Reuters) - Iraq's cabinet approved a $998 million oilfield service contract on Tuesday with a South Korean company for the West Qurna Phase Two oilfield, the cabinet said in a statement.
An Iraqi oil official who asked not to be identified said the deal was with Samsung Engineering, the only South Korean company on the final shortlist.
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