AGL 41.83 Increased By ▲ 3.29 (8.54%)
AIRLINK 129.41 Decreased By ▼ -0.09 (-0.07%)
BOP 6.35 Increased By ▲ 0.74 (13.19%)
CNERGY 4.11 Increased By ▲ 0.25 (6.48%)
DCL 8.60 Decreased By ▼ -0.13 (-1.49%)
DFML 40.85 Decreased By ▼ -0.91 (-2.18%)
DGKC 88.41 Increased By ▲ 0.11 (0.12%)
FCCL 35.00 No Change ▼ 0.00 (0%)
FFBL 66.40 Decreased By ▼ -0.95 (-1.41%)
FFL 10.74 Increased By ▲ 0.13 (1.23%)
HUBC 109.53 Increased By ▲ 0.77 (0.71%)
HUMNL 14.85 Increased By ▲ 0.19 (1.3%)
KEL 4.75 No Change ▼ 0.00 (0%)
KOSM 7.30 Increased By ▲ 0.35 (5.04%)
MLCF 42.84 Increased By ▲ 1.19 (2.86%)
NBP 61.20 Increased By ▲ 1.60 (2.68%)
OGDC 179.60 Decreased By ▼ -3.40 (-1.86%)
PAEL 26.00 Decreased By ▼ -0.25 (-0.95%)
PIBTL 6.05 Increased By ▲ 0.08 (1.34%)
PPL 146.00 Decreased By ▼ -0.70 (-0.48%)
PRL 24.05 Increased By ▲ 0.44 (1.86%)
PTC 16.33 Decreased By ▼ -0.23 (-1.39%)
SEARL 70.69 Increased By ▲ 2.39 (3.5%)
TELE 7.20 Decreased By ▼ -0.03 (-0.41%)
TOMCL 36.40 Increased By ▲ 0.45 (1.25%)
TPLP 7.96 Increased By ▲ 0.11 (1.4%)
TREET 15.36 Increased By ▲ 1.16 (8.17%)
TRG 50.70 Increased By ▲ 0.25 (0.5%)
UNITY 27.45 Increased By ▲ 0.70 (2.62%)
WTL 1.25 Increased By ▲ 0.04 (3.31%)
BR100 9,852 Increased By 46.8 (0.48%)
BR30 29,808 Increased By 130 (0.44%)
KSE100 92,697 Increased By 393.1 (0.43%)
KSE30 28,888 Increased By 47.5 (0.16%)

Asian companies are among nine firms shortlisted by the Iraqi oil ministry for contracts in 11 oil and gas fields, according to a document obtained by AFP on Saturday. The companies selected from the 38 which submitted bids in a tender process launched on December 31 are Rosneft and Tatneft of Russia, Kazakh firm KazMunaiGas Exploration Production, PetroVietnam, Angola's Sonangol, Pakistan Petroleum, JOGMEC of Japan, Oil India and Britain's Cairn Energy PLC.
These companies will be invited to take part in a second round of bidding, the oil ministry said. The development of the fields could help boost Iraqi oil production by up to 2.5 million barrels per day, Oil Minister Hussein al-Shahristani said in December at the launch of the tender invitation. That launch came six months after the initial offering of development contracts in six other oil fields and two gas fields.
When the fields on offer in both rounds of bidding are in full production, within four or five years, Iraq should be able to pump six million bpd, up from current output of around 2.2 million, Shahristani said. Iraq has the world's third largest proven reserves of oil, with more than 115 billion barrels, behind only Saudi Arabia and Iran.

Copyright Agence France-Presse, 2009

Comments

Comments are closed.