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Iraq postpones second oil bidding round
- Iraq: Wednesday, October 14 - 2009 at 09:52
Iraq's oil ministry has delayed its second oil and gas field bidding round until next January, Bloomberg has reported. Forty-five companies are qualified to bid in the auction for work on ten oilfields, originally scheduled for mid- December, the ministry said. Iraq seeks to boost its production capacity eventually to between 10 million and 12 million barrels a day through the second bidding round.
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StaffWednesday, October 14 - 2009 at 09:52 UAE local time (GMT+4)
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