Iraq to Offer 12 New Areas for Oil Exploration Shortly

PARIS (Dow Jones Newswires), Apr. 6, 2011

Iraq will shortly invite companies to bid for the right to explore for oil and gas in 12 new areas, the country's Deputy Prime Minister Hussain al-Shahristani said Wednesday.

The new exploration licenses will be offered in all parts of the country and "include areas with a very high probability for oil and gas discoveries," he said at the 12th International Oil Summit.

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