Thirteen IOC's qualify to bid in Iraq's gas auction

Iraq has said that 13 international oil companies have qualified to bid in next week's gas filed auction for the Akkas field, in the western desert, the Mansuriyah field near the Iranian border in the Diyala province and Siba field near Basra. The three oil fields together have estimated reserves of around 11.23 trillion cf of gas.

"Thirteen companies will take part in the gas auction and no more firms will be allowed," said Head Iraq's Oil Ministry's Licensing and Contracting Office Abdul-Mahdy al-Ameedi.

The 13 companies that have qualified to bid include Edison, Eni, Total, Korean Gas Corporation (Kogas), Mitsubishi, TPAO, Itochu, KazMunaiGaz, TNK-BP, Statoil, India's Oil & Natural Gas Corporation (ONGC), Jogmec and Kuwait Energy.

Source: Upstream

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Azerbaijan increases gas supplies to Turkey by 2 billion m³

The State Oil Company of the Azerbaijan Republic (SOCAR) has increased gas supplies to Turkey from 13-14 million m³ to 16 million m³ per day. The increase in supply is partly due to an explosion near a pipeline transporting gas from Iran to Turkey, which meant that Iranian gas supplies in to the country were suspended. According to Turkey’s Energy and Natural Resources Minister Taner Yildiz supplies will resume in approximately 7 days.

Azerbaijan supplies gas to Turkey under a contract on the Shah Deniz offshore gas field. The countract stipulates that Turkey has to receive 6.6 billion m³ of gas per year during the field's first stage. The field's total reserves are estimated at 1.2 trillion m³.

The contract to develop Shah Deniz was signed 4th June 1996, and includes the following participants BP (operator) with 25.5 per cent, Statoil 25.5 per cent, NICO 10 per cent, Total 10 per cent, LukAgip 10 per cent, TPAO 9 per cent and SOCAR with a 10 per cent share.

Source: Trend Azerbaijan

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