Iraq delays gas tender until October 1 | The Daily Star
12:00 AM, August 03, 2010 / LAST MODIFIED: 12:00 AM, August 03, 2010

Iraq delays gas tender until October 1

Iraq has postponed the auction of three major gas fields by one month to October, a source from an international energy company said on Monday.
The decision was announced by Iraqi oil ministry officials during a meeting with interested companies in Istanbul on Sunday and Monday to discuss terms and conditions for the auction, the source, speaking on condition of anonymity, told AFP.
Iraq had originally invited companies to submit their bids for the fields of Akkaz, Mansuriyah and Siba in a September 1 auction, but had now pushed back the date of the bidding to October 1, the source added.
He did not elaborate on the contract terms which Iraq was offerring in the auction, its third major attempt aimed at developing the war-torn country's oil and gas sectors.
The planned gas field auction follows the signing of contracts last year with foreign firms to develop 10 oil fields across Iraq, aimed at raising crude output, currently 2.4 million barrels per day, to between 10 to 12 million bpd.
Iraq had said in May that about 45 companies approved to bid in last year's auctions would be eligible to bid in the gas field tender.

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