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Iraq asks foreign energy firms to resubmit bids

Text by NEWS WIRES

Latest update : 2009-06-30

Iraq’s oil minister has asked international oil companies to resubmit their bids after the Iraqi government managed to strike a deal on just one of the six oil fields offered up for development on Tuesday.

AFP - Iraqi Oil Minister Hussein al-Shahristani on Tuesday asked foreign energy firms to resubmit their bids for five of the six oil fields offered up for development in the war-battered country.
   
"The companies can submit a new offer until 6 pm (1500 GMT) and these offers will be reviewed by the cabinet, who will take the final decision," he said.
   
The decision, which affects only the leading bidder in each case, was taken after the companies refused conditions laid down by the government to work in all but one of the oil fields on offer.

Date created : 2009-06-30

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