Iraq Delays Nasiriya Oil Project Auction to June 19

Source: Reuters 1/14/2014, Location: Middle East

Iraq has delayed for the second time an international tender for the development of its Nasiriya oil field and the construction of a new refinery to June 19, the oil ministry said.

The bidding auction had first been scheduled for December and was then delayed to Jan. 23.

"We have decided to push back the bidding process in order to make some necessary changes to the model contract and also to give companies more time to consider the new amended contract," oil ministry spokesman Asim Jihad said.

The project involves developing Nasiriya oilfield, which holds reserves of more than 4 billion barrels, and building a 300,000 barrel-per-day refinery. Previous agreements have stalled. In 2009, a Japanese consortium was selected, but negotiations fell apart.

The project is part of plans to expand Iraq's downstream operations. In March Iraq has three main refineries - Baiji, Doura and Basra - now with a total capacity of 750,000 bpd.

The OPEC member last week awarded a $6.04 billion oil refinery contract to a South Korean consortium led by Hyundai Engineering & Construction to build Kerbala Refinery with a capacity of 140,000 bpd.

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects


Australia >>  8/17/2022 - The following update on the Dorado development inside Production License WA-64-L and the Pavo pre-development studies within Exploration Permit WA-438...
China >>  8/17/2022 - On August 15, in Erlian Menglin Oilfield, Huabei Oilfield, 20 days after the "ignition" of three gas injection wells, the gas injection pressure, temp...

Norway >>  8/10/2022 - Aker BP (operator) and licence partners Petoro and LOTOS Exploration & Production Norge submitted a plan for development and operation (PDO) for Trell...
Denmark >>  8/3/2022 - Norwegian Energy Company ASA (“Noreco” or the “Company”) has today published an update on the Tyra Redevelopment Project (“Tyra II” or the “Project”) ...

Nigeria >>  8/3/2022 - Sirius, an African focused oil & gas production and development company, is pleased to announce that its JV partner, COPDC, has received the requisite...
United Kingdom >>  7/31/2022 - Ping Petroleum UK has reaffirmed its commitment to develop the Avalon Field, in the Central North Sea, with rejuvenation plans for the Hummingbird FPS...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.