Arab Today, arab today iraq auctions gas contracts
Last Updated : GMT 12:24:19
Arab Today, arab today
Arab Today, arab today

$173bn investments

Iraq auctions gas contracts

Arab Today, arab today

Arab Today, arab today Iraq auctions gas contracts

Iraq plans to auction exploration blocks
Baghdad - Arabstoday

Iraq plans to auction exploration blocks Baghdad - Arabstoday Iraq plans to hold an auction of gas exploration blocks open to international energy companies later this year, the fifth of its kind since 2009, a spokesman said on Sunday. Baghdad will offer 10 exploration blocks in the auction, the date of which has yet to be finalised, Oil Ministry spokesman Assem Jihad told AFP. "The date will be announced after all the documents are finalised," he said. "It will be a good auction, and it will attract international companies to bid." Iraq has held four previous bid rounds, including one in May 2012 for oil and gas exploration blocks that was widely viewed as a flop as foreign firms largely did not bid because of what were seen as unfavourable contract terms. Oil Minister Abdelkarim al-Luaybi said this month that Iraq plans to invest $173bn in its energy infrastructure, including its gas production and storage facilities, over the next five years. Iraq has proven reserves of 143.1 billion barrels of oil and 3.2 trillion cubic metres gas, both of which are among the largest reserves in the world. Baghdad is almost entirely dependent on energy sales for much-needed revenues to rebuild Iraq's decrepit infrastructure and state-dominated economy, both of which have been shattered by decades of conflict and sanctions. It has sought in recent years to sign contracts with international energy firms in order to boost output sharply and cement its role as a key global oil supplier.

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 auctions gas contracts Arab Today, arab today iraq auctions gas contracts

 



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 auctions gas contracts Arab Today, arab today iraq auctions gas contracts

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
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 Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 05:52 2017 Wednesday ,28 June

Suzanne Tamim’s father refuses to give comment

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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