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Friday, 21 November, 2008, 15:40 GMT | more >>

Baghdad makes licensing round plans



By Upstream staff 

Iraq will auction 15 oil and gas blocks once a new hydrocarbons law is passed, the Oil Ministry's director general Fayadh Hassan Nima said today.

"Iraq is preparing 15 fields and blocks for first round of auction after approval of the oil and gas law ... tenders are under preparation," Nima told Reuters during a visit to India.

Nima said he expected the law to be finalised within "two to three months".

Iraqi Oil Minister Hussain al-Shahristani said earlier this month all parties had agreed to pass the law by the end of May.


Wednesday, 23 May, 2007, 12:24 GMT  | last updated: Wednesday, 23 May, 2007, 12:24 GMT

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