SpyLOG
USD11/0229.8923+0.2128
EUR11/0239.6282+0.1515
RTS10/021605.12+0.12%
MICEX13/091501.98+0.59%
RIA Novosti

Business

Gazprom to bid for Iraqi fields in consortium with Turkish company

gas
09:48 28/09/2009

Related News

Multimedia

MOSCOW, September 28 (RIA Novosti) - Russia's energy giant Gazprom will bid for Iraqi oil and gas fields in a consortium with Turkey's state-run oil company, a Russian business daily said on Monday, citing the Turkish Energy Minister.

Iraq will sell 14 blocks with total reserves of 41 billion barrels of oil and some 740 billion cubic meters of natural gas as 10 lots in December. Turkish Petroleum Corporation (TPAO) will compete for six lots, and will form a consortium with Gazprom to bid for the other four lots, Vedomosti quoted Taner Yildiz as saying.

Up to 45 companies will be invited to bid, including Russia's state-run crude producer Rosneft, the country's largest independent oil producer LUKoil and Gazprom's oil arm, Gazprom Neft.

According to the paper, Iraq is planning to earn $1.2 billion from onetime payments ($100 mln-$150 mln as bonus for each lot) and will retain a 25% stake in each project.

Meetings with bidders will be held on October 18-19, with bidding terms to be announced in early November, Vedomosti said.

The paper has not yet received any comment from either Gazprom or Gazprom Neft.

In June, the Turkish company unsuccessfully bid for 10 Iraqi fields with reserves exceeding 47 billion barrels of oil equivalent.

 

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA NovostigasGazprom to bid for Iraqi fields in consortium with Turkish company

09:48 28/09/2009 Russia's energy giant Gazprom will bid for Iraqi oil and gas fields in a consortium with Turkey's state-run oil company, a Russian business daily said on Monday, citing the Turkish Energy Minister.>>

Send by e-mail

All fields are required!



Leave a comment









    Рейтинг@Mail.ru  Rambler's Top100
    © 2012 RIA Novosti