Iraq to sign major gas deals on June 5

Iraqi government awards major gas contracts to KOGAS, Kuwait and TPAO

Gas flare in Iraq. GETTY IMAGES
Gas flare in Iraq. GETTY IMAGES

The Iraqi government will sign final deals with foreign energy companies for the development of the country's Mansuriyah and Siba gas fields on June 5, a senior Oil Ministry announced today, reports Reuters.

KOGAS, Kuwait Energy Company and Turkey's state-owned TPAO won the tender to develop Mansuriyah near the Iranian border.

TPAO and Kuwait Energy Company will develop the Siba field in the southern oil hub of Basra.

Abdul Mahdy al-Ameedi, head of the Oil Ministry's licensing and contracting office, also told Reuters that an initial deal with South Korea's KOGAS to develop the Akkas gas will be signed today .

"The cabinet approved both Mansuriyah and Siba deals on May 31, and we have set June 5 as the date to sign the two final deals," Ameedi told Reuters.

Kazakh company KazMunaiGas Exploration Production was due to develop the Akkas field with KOGAs, but withdrew after disagreement with local authorities.



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