Kazakhstan to take part in development of oil and gas fields in Iraq

Oil&Gas Materials 3 April 2009 18:14 (UTC +04:00)

Kazakhstan, Astana, Apr. 3 / Trend , K.Arinova/

The KazMunaiGas Exploration Production claimed to develop oil and gas fields in Iraq, source at the company confirmed the information to Trend .

The Kazakh Telegraph Agency recently quoted Iraqi Oil Ministry as saying that the KazMunaiGas Exploration Production was included in the list of nine companies that can claim to develop oil and gas fields in Iraq.

"The Oil Ministry Oil Contracts and Licenses Directorate is pleased to announce the results of the second qualification round among international oil companies, that submitted their papers from Jan. 4 to Feb. 15, 2009," the office said in a message posted on its website.

The document says that only 38 companies and consortiums from different countries applied. The second round began on Dec. 31, 2008. The participants will be informed of the next steps as part of the second qualification stage at appropriate time. In addition to KazMunaiGas Exploration Production, the list included the Rosneft (Russia), Tatneft (Russia), PetroVietnam Exploration and Production Corp. (Vietnam), Sonangol (Angola), Pakistan Petroleum Ltd. (PPL, Pakistan), Japan Oil, Gas and Metals, National Corp. (Japan), Cairn Energy PLC (United Kingdom) and Oil India Ltd. (India).

The KazMunaiGas Exploration Production is one of the three leading oil producers in Kazakhstan. Company's output hit 11.95 million tons (240,000 barrels per day) in 2008. Proved and probable reserves of the KazMunaiGas Exploration Production is 241 million tons (1.8 billion barrels) as of late 2008 and is over 2 billion barrels if taking into account shares in affiliated companies.

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