Iraq will invite international companies to develop the East Baghdad oil field

According to the Greek energy news network on May 7 in Baghdad reported that Iraqi oil sector, a senior official said today that Iraq will be invited to compete to develop a number of international oil companies located in the east near the Iraqi capital Baghdad oil field.

The official told reporters that the Iraqi Ministry of Oil will soon be invited to tender a number of international oil companies in this field.

East Baghdad oil field produces about 17,000 barrels of oil, Iraq's Oil Ministry plans to develop the estimated 75 billion barrels of oil reserves in the oilfield.

The official said that the Iraqi Ministry of Oil in accordance with engineering design, procurement and construction contract (EPC) to develop the East Baghdad oil field. Japan Oil Development Co., Ltd., Japan Petroleum Exploration Company (JAPEX) may be the Iraqi Ministry of Oil will be invited to compete in this field one of the international oil companies.

East Baghdad oil field in Iraq, announced in December last year the second round of the tender offer in the field. East Baghdad oil field will be produced as a day of crude oil processing capacity of 140,000 barrels of crude oil in the Doura oil refinery processing of raw materials.

Source: www.in-en.com May. 8, 2009