Iraq sets West Qurna date

TO GO WITH STORY BY BEN MORGAN-An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, 550 kms from Baghdad on February 3, 2009. Plans to revive the Iraqi National Oil company more than a decade after it was scrapped by Saddam Hussein would give a big boost to the flagging oil sector, South Oil chief Kifah Numan said, adding that Iraqi output is still below pre-2003 levels but could climb

ESSAM -AL-SUDANI

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By News Wires

 20 January 2010 09:21 GMT

The Iraqi Oil Ministry will sign a final deal to develop the 12.9 billion barrel super giant West Qurna Phase Two oilfield with Russia's Lukoil and Norway's Statoil on 31 January, an Iraqi official said.



Sabah Abdul Kadhim, the head of the legal section of Iraq's Petroleum Contracts & Licensing Directorate, told reuters it would also sign final deals for the Badra field with a Gazprom-led group on 28 January and with a China National Petroleum Corporation-led group for Halfaya on 27 January.

"All remaining oil companies approved amendments we suggested for the draft contracts. The amendments focused on insurance, customs and arbitration issues," Kadhim told Reuters.

Iraq awarded 10 oilfield development contracts to global oil firms in two energy auctions last year.Meanwhile, South Korea's Kogas…

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