BAGHDAD — Iraq has awarded its first oil development contracts since
the fall of the Saddam Hussein regime.
The Oil Ministry has awarded development contracts to companies from
Canada and Turkey. Turkey's Everasia was awarded a project to develop the
Khurmala Dome oil field in northern Iraq. Canada's Ironhorse Oil and Gas was
selected to develop Himrin field.
Officials said the awards required Cabinet approval. Everasia was said
to have beaten Ireland's Petrel Resources.
The projects would include the construction of flow lines, gas
separation stations in an effort to increase production at these sites.
Officials said the Oil Ministry sought to produce 100,000 barrels of oil per
day at Khurmala.