Iraq's government will auction 10 oil exploration rights

Baghdad, July 26 news, Iraqi government officials said here today that as a result of Iraq has been seeking foreign investors to increase their energy output, so that the Iraqi government will auction 10 oil zone development rights. The official also said that the Iraqi government has decided to be held from the end of this year the second round of the tender gas directory removed West.

Permit Iraq to sell oil contracts and the Council July 26, deputy general manager of the media in a telephone interview, said that potential bidders could be August 25, held in Istanbul during the one-day roadshow to obtain information about these fields .

No. 3 has the world largest oil reserves in Iraq by 2015 intends to bring the country's oil output from the current 2.4 million barrels to 600 million barrels per day. Iraq will hold two rounds of bidding this year to attract foreign investment to help develop its oil and gas assets.

The first two tenders to auction the Majnoon oil fields, respectively, -2 West Qurna oil field, Badra field, the East Baghdad oil field, Garraf field, Halfava field, Naimah oil fields and oil fields Qaivarah. In addition, Furat district of the eastern and central development of the project will also be right to be put to auction.

Jul. 28, 2009