
Iraq invites bids for 13 oil sites
Iraq invites bids for 13 oil sites
“Through this round, the Ministry aims to boost the country’s oil and gas production and reserves, and encourage investment in the hydrocarbon sector in cooperation with global companies,” the Minister said.
According to a Ministry statement carried by Aliqtisad News network, the sites are located in the Southern Basra province, Baghdad, Nineveh in the North, the Southeastern Maysan Governorate, Wasit in the East and Saladin in Central Iraq.
Iraq has the world’s 5th largest proven oil deposits of around 140 billion barrels while its gas resources are estimated at 6.4 trillion cubic metres.
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