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Iraq to offer 10 fields for licencing
- Iraq: Tuesday, December 30 - 2008 at 14:56
Iraq says it will offer 10 undeveloped or underdeveloped gas and oil fields in its second postwar licensing round due to begin Wednesday, AP has reported. The country's oil minister Hussein al-Shahristani said the fields would include the southern fields of Majnoon and West Qurna Phase 2, which hold reserves of roughly 12 billion barrels of crude each. The two fields currently produce far below their individual output potential of 600,000 barrel per day.
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StaffTuesday, December 30 - 2008 at 14:56 UAE local time (GMT+4)
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This article was updated on Wed Dec 31 2008.
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