Arab Today, arab today iraq delays auction for energy exploration
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Iraq delays auction for energy exploration

Arab Today, arab today

Arab Today, arab today Iraq delays auction for energy exploration

Baghdad - AFP

Iraq has delayed an auction due next year for a dozen oil and gas exploration blocks to provide bidders with more information about the areas on offer and contracts, the oil ministry said on Monday. "The bidding round was supposed to start at the end of January 2012, but it has been delayed until the first week of March 2012," ministry spokesman Assem Jihad said. He added that the delay was "to give time for the companies to review the details of the contracts, and also because of Christmas vacations in Europe." Jihad said the postponement would give prospective bidders "more time to study the nature of the contracts and information about the exploration blocks." Iraq announced the sale, the fourth of energy contracts to foreign majors since 2009, in April. A total of 12 exploration blocks are on offer -- seven gas and five oil. The blocs are located in the provinces of Basra, Najaf, Babil, Muthanna, Diwaniyah and Dhi Qar, south of Baghdad, Nineveh and Diyala to the north and Anbar to the west. Iraq is looking to dramatically ramp up its energy output, as crude sales account for the vast majority of its government revenues. Baghdad currently exports around 2.2 million barrels per day of oil (bpd), with that figure set to rise by 300,000 bpd early next year. The government says it will be capable of production of 12 million bpd by 2017, from current output of 2.9 million bpd.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iraq delays auction for energy exploration Arab Today, arab today iraq delays auction for energy exploration

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iraq delays auction for energy exploration Arab Today, arab today iraq delays auction for energy exploration

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday