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Iraq delays Akkas gas deal

Baghdad, February 24, 2011

Iraq's oil ministry postponed the signing on Thursday of an initial deal with South Korea's Kogas and Kazakhstan's KazMunaiGas to develop the Akkas gas field in western Anbar province.

Oil Minister Abdul Kareem Luaibi said the delay was due to continuing issues with provincial officials in Anbar province. The deal was earlier postponed because of disagreements with provincial authorities.

Akkas has estimated reserves of 5.6 trillion cu ft. – Reuters 

Tags: Iraq | Baghdad | Oil Ministry | Kogas | Akkas |

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