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UPDATE 1-Iraq offers nine oil and gas blocks for exploration near Iran, Kuwait borders (Adds details, quote, background) By Ahmed Rasheed BAGHDAD, Nov 26 (Reuters) - Iraq will invite foreign energy firms to bid for the exploration and development of nine new oil and gas blocks bordering Iran and Kuwait, the oil ministry said in a statement on Sunday.
UPDATE 1-Iraq signs final Akkas gas deal with Kogas
BAGHDAD Oct 13 (Reuters) - Iraq's oil ministry said on Thursday it had signed a final deal with Korea Gas Corp. (KOGAS) to develop its Akkas gas field in the western province of Anbar.Iraq had asked KOGAS to develop the Akkas gas field on its own after partner KazMunaiGas Exploration Production withdrew from the deal. ."Development of Akkas gas field will provide a source of power generation and open the way for establishing a promising petrochemical industry," Ahmed al-Shamma, Iraq's deputy oil minister, said during the signing ceremony.Akkas is Iraq's largest gas field with estimated reserves of 5.6 trillion cubic feet.OPEC member Iraq has already signed scores of contracts with foreign companies to develop its oil industry as it seeks to rebuild after years of war and economic sanctions.
