Iraq mulls asking aggressive bidders to rebid
Vienna, September 10, 2009
Iraq is considering inviting the most aggressive bidders to rebid for some of its giant oilfields after it failed to award deals at an auction in June, the country's oil minister has said.
'The two or three companies who made the best offers will be invited to another round -- that is one option. I cannot say if we can make a decision by the end of this month but we have to make a decision soon,' Hussain al-Shahristani said.
A BP-led consortium was the only foreign group to strike a deal in the June auction, which was the first since the US-led invasion in March 2003.
The minister was speaking ahead of an OPEC meeting in Vienna. – Reuters
More Energy, Oil & Gas Stories
- Fuel prices in Bahrain set to double by 2017
- Iraq's oil exports rise to 71.4m barrels in Nov
- MEE launches energy conservation contest
- TSL wins Jordan solar power contract
- SEC signs $366m loan for Jeddah power plant
- Kurdish oil exports 'only with Iraq approval'
- UAE launches energy conservation drive
- Rising Saudi fuel use 'bigger threat than shale'
- Dentons boosts Mideast energy practice
- India seeks Iran's financial guarantees for ships