Iraq's fifth oil licensing round to focus on gas
- Iraq: Thursday, March 21 - 2013 at 04:41
Iraqi oil minister Abdul Kareem Luaibi has announced the country's fifth licensing round for oil exploration is to be held in the next few months and will come from 10 oil blocks, Reuters has reported. Iraq's fourth energy auction ended last year with few foreign investors tendering bids after a disappointing showing, which could force Baghdad to ease tough contract terms to lure more oil explorers into a new bidding round that should focus on gas, while the oil will be used to boost reserves. "In previous contract awards no importance was given to gas. We have now started a major project to develop gas," Luaibi said.
- Abu Dhabi's General Holding plans IPO
- Sohar refinery expansion project attracts six...
- Egypt in talks with Qatar, Iraq over energy...
- Kuwaiti lenders reject loan inflation allegations
- Dubai retains status as one of the world's top...
- Abu Dhabi to have nine new schools open in 2014
- Omantel launches Samsung Galaxy S4 LTE smartphone
- Arabtec workers stage strike in Abu Dhabi, Dubai
- STC launches BlackBerry 10 in Saudi Arabia
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.