Two Kuwaiti and Turkish sign oil agreement with Iraq
Two Kuwaiti and Turkish sign oil agreement with Iraq
Monday, July 16, 2012 13:34
Translation / Baghdadiya News / signed .. and Kuwait Energy Company Ltd. and the Turkish company signed an agreement with Baghdad Petrulire to explore for oil in southern Iraq in the areas
Adjacent to the Iraqi-Iranian border.
The Sahev Bloomberg British that the two companies won the rights of exploration in the exploration area 9. During the licensing round was held in the month of May last presenters offer of 6.24 dollars per barrel will be the Kuwait Energy Company is the main operator of the project by 40% and will be the share of the Turkish company 30%. The service contract signed with the Ministry of Oil was one of the three contracts were awarded in licensing round auction. Ended / 21
Source: albaghdadianews