Sun, 01 Jul 2012 02:51:14 CDT
The Iraqi oil ministry has said it is to sign initial contracts in July with three foreign companies who won deals to explore oil and gas blocks in the country's fourth energy auction, Reuters has reported. Iraq has set a date of July 15 to sign a deal with Pakistan Petroleum for gas block 8, while it will sign an initial contract with a consortium led by Kuwait Energy for oil block 9 on July 16, and on July 17 the ministry will sign an initial contract to explore oil block 10 with a group led by Lukoil, said Abdul-Mahdy al-Ameedi, director of the oil ministry's contracts and licensing directorate.
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