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Iraq issues tenders for international oil companies

Iraq issues tenders for international oil companies
MENA Fn - [9/14/2007]
The Iraqi Oil Minister announced that Iraq will issue tenders to international oil companies to develop its oil fields regardless if awaited law to regulate its energy sector is further delayed, Iraq Directory reported.

He went on to add that the Iraqi government has given its approval to the country's draft law in July of the current year but has still not been discussed by the parliament.

It is worth mentioning that the postponement of the bill will not hamper plans for the development of the sector which accounts for more than ninety percent of the Iraqi government's revenues.

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