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Cabinet approves major deals for oil and gas
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Translation / Baghdadiya News / .. According to the Reuters news agency that the Iraqi Council of Ministers has approved the three decades of oil and gas, which were awarded to foreign companies in an auction last May as part of the country's plan to attract investment to develop its energy sector.
He said government spokesman Ali al-Dabbagh said that "Iraq as a member of the Organization of Petroleum Exporting Countries is expected to be the largest source of supply of oil during the next few years has the government signed contracts with international companies in addition to opening more rounds of bidding on blocks of oil and gas."
Dabbagh said, saying that "the Council of Ministers has approved the contract drilling initial gas with Pakistan Petroleum in gas block 8 and another contract led Lukoil to develop the block of oil 10 as ratified a tentative agreement with the company Bachinvt Russian to develop block oil 12 with delayed approval of the contract consortium led by Kuwait Energy Company for block 9 to complement the oil ministry some contracts procedures approved by the Council of Ministers. mention that the contracts ratified by the Council of Ministers will be put up for final signing by the Iraqi Oil Ministry.
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Translation / Baghdadiya News / .. According to the Reuters news agency that the Iraqi Council of Ministers has approved the three decades of oil and gas, which were awarded to foreign companies in an auction last May as part of the country's plan to attract investment to develop its energy sector.
He said government spokesman Ali al-Dabbagh said that "Iraq as a member of the Organization of Petroleum Exporting Countries is expected to be the largest source of supply of oil during the next few years has the government signed contracts with international companies in addition to opening more rounds of bidding on blocks of oil and gas."
Dabbagh said, saying that "the Council of Ministers has approved the contract drilling initial gas with Pakistan Petroleum in gas block 8 and another contract led Lukoil to develop the block of oil 10 as ratified a tentative agreement with the company Bachinvt Russian to develop block oil 12 with delayed approval of the contract consortium led by Kuwait Energy Company for block 9 to complement the oil ministry some contracts procedures approved by the Council of Ministers. mention that the contracts ratified by the Council of Ministers will be put up for final signing by the Iraqi Oil Ministry.
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