Turkey's TPAO in talks with companies over Iraq oil

Officials had previously said the deals, which are aimed at lifting output at Iraq's largest producing fields by a combined 500,000 barrels a day, would be announced on June 30.

Turkey's TPAO in talks with companies over Iraq oil
Turkish state energy firm TPAO has started talks with Royal Dutch Shell and other companies with a view to exploring for oil together in Iraq, TPAO General Manager Mehmet Uysal told Reuters on Friday.

"As TPAO ... we have started talks with Shell and several other oil companies for a partnership," Uysal said.

A Shell spokesman declined immediate comment.

Iraq's Oil Ministry said on Tuesday it had finished negotiations with oil majors on six short-term oil service contracts and that it hoped to sign the deals in July.

Officials had previously said the deals, which are aimed at lifting output at Iraq's largest producing fields by a combined 500,000 barrels a day, would be announced on June 30.

In the absence of a long-delayed national oil law, Baghdad has been negotiating short-term technical service contracts. The deals are worth around $500 million each.

Five of the deals that have been under discussion are with Royal Dutch Shell, Shell in partnership with BHP Billiton, BP, Exxon Mobil and Chevron in partnership with Total.

Iraq has also been in talks with a consortium of Anadarko, Vitol and Dome for a sixth contract.

Reuters
Last Mod: 30 Haziran 2008, 08:39
Add Comment