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Iraq denies Sinopec bid
- Iraq: Monday, November 23 - 2009 at 10:32
The Iraqi oil ministry has rejected a bid by China's Sinopec Corp to pay participation fees to bid for oilfields on offer in Iraq's second bidding round, Reuters has reported. Sinopec has been barred from the second round because of its purchase of Swiss oil explorer Addax Petroleum Corp, which had signed deals with the semi-autonomous Kurdish authorities in northern Iraq, Sabah Abdul Kadhim, head of the legal and commercial section of the Petroleum Contracts and Licensing Directorate, told the news service.
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StaffMonday, November 23 - 2009 at 10:32 UAE local time (GMT+4)
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