Posts Tagged ‘Mansuriya’
If you are trying to figure out who won and who lost in Iraq’s first bid round, consider this:22 companies have participated in the licensing round making offers for six oil fields and one gas field, as leaders or members of consortia. One gas field, Mansuriya had no takers. China’s CNPC was the most aggressive taking part in 5 offerings followed by Malaysia’s Petronas which targeted 4. Oil majors Exxon Mobil and Royal Dutch Shell aimed for 3 each, and so did Turkey’s TPAO and China’s Sinopec. BP, ConocoPhillips……
24 February 2003
Having missed the boat on sales of natural gas by pipeline to Turkey, despite signing a memorandum of understanding in 1996, Iraqi officials are now drawing up plans to enter the broader international gas market.
These include proposals to join a regional gas pipeline network, as well as construction of a liquefied natural gas (LNG) terminal in southern Iraq.
Boosting Iraq’s natural gas reserves and export capabilities is one of the top priorities in a newly launched 10-year plan drawn up by the Oil Ministry.
“There is …