Iraqi government will ask U.S. $ 100 million for each of the oil and gas fields, which seeks to steer contracts to develop this year
A senior management of licenses in the Iraqi Oil Ministry on Tuesday that international oil companies will sign grant totaling $ 1.2 billion in the next round of awarding contracts to develop oil and gas reserves in the country.
"Abdel Mahdi al-Amidi, the Deputy Director-General of the Department contracts and licenses in the ministry during a presentation to the energy companies in Istanbul that the signing would give $ 150 million for each of the fields east of Baghdad and Hlvaip, Majnoon and West Qurna giant.
He pointed out that the government will grant the signing of a $ 100 million each from the fields of oil and gas, the other six, which seeks to steer contracts to develop this year, noting that such grants are non-refundable, unlike the previous round, who described the grants soft loans.
A senior management of licenses in the Iraqi Oil Ministry on Tuesday that international oil companies will sign grant totaling $ 1.2 billion in the next round of awarding contracts to develop oil and gas reserves in the country.
"Abdel Mahdi al-Amidi, the Deputy Director-General of the Department contracts and licenses in the ministry during a presentation to the energy companies in Istanbul that the signing would give $ 150 million for each of the fields east of Baghdad and Hlvaip, Majnoon and West Qurna giant.
He pointed out that the government will grant the signing of a $ 100 million each from the fields of oil and gas, the other six, which seeks to steer contracts to develop this year, noting that such grants are non-refundable, unlike the previous round, who described the grants soft loans.