38 Foreign Cos Register for 2nd Iraq Oil Bid Round

AMMAN (Dow Jones Newswires), Feb. 24, 2009

Thirty-eight international oil companies registered at the Iraqi oil ministry to bid for the 11 groups of oil and gas fields put up for a second bidding round by Iraq at the end of last year, a senior Iraqi oil official said Tuesday.

Abdul Mahdy al-Ameedi, deputy director general at Iraq's petroleum contracts and licensing directorate, said the ministry has stopped receiving qualification documents from companies since the closing deadline on Feb. 15.

"The directorate will examine these documents and it is planning to announce a list of new qualified companies by the end of March," al-Ameedi told Dow Jones Newswires by telephone from Baghdad.

Last year, Iraq pre-qualifed 35 international oil companies, including the world's majors, for its first bidding round announced in June 2008, which included the country's largest oil producing fields. Deals from this bidding round are expected to be signed in June, Iraqi oil officials say.  

Copyright (c) 2009 Dow Jones & Company, Inc.


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