Iraq Cabinet Approves KOGAS Deal for Akkas Field

Source: Reuters 9/27/2011, Location: Middle East

Iraq's cabinet has approved a contract with South Korea's KOGAS to develop the Akkas gas field in western Anbar province, an oil ministry source said. The cabinet approved the deal on Sept. 13 and the source said it would be signed Oct. 15.

Iraq asked KOGAS to develop Akkas, the country's largest gas field, on its own after Kazakh Company KazMunaiGas pulled out. The two companies were awarded the development contract in a bidding round last year.


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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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