Daily Management Review

Iraq invites international companies to develop oil and gas fields


Iraq's oil ministry invited foreign firms to develop 13 oil and gas fields.

According to a statement from the Oil Ministry's press office, Iraqi Oil Minister Hayan Abdel-Ghani invited foreign firms to take part in the investment project tender for the development of 13 fields and exploration sites in the country's northern, central, and southern provinces.

"The ministry invites international companies that specialize in oil and gas development to participate in an additional tender that includes 13 oil and gas fields and sites in order to increase oil and gas production and reserves and encourage investment in the oil sector," reads the statement.

In addition to nine additional fields and territories, these fields also include four exploration blocks that were not distributed to businesses during the fifth licensing phase in 2018.

source: reuters.com