On: Wed, 25/01/2012 20:44
BAGHDAD - A citizen
The Iraqi government said in a statement that the Council of Ministers approved the oil contract with a South Korean company worth $ 998 million.
The statement published on the site and government spokesman Ali al-Dabbagh that «the Council of Ministers agreed to refer the tender to develop the West Qurna field station CPU (CPF) and accessories custody of a South Korean companies at $ (998) million and the period of the Faculty not to exceed (31) months ». It did not give further details, but «Reuters» quoted an Iraqi official as saying that the contract with Samsung Engineering have a South Korean company only included in the shortcut menu final. Exports of crude oil of Iraq to 2.145 million barrels per day in December of 2.135 million barrels a day in November. Iraq seeks to export 2.6 million barrels per day during the current year according to the plan included in the budget of the country's financial dependent on oil imports by 95 per cent. Iraq is a member of OPEC and has the fourth-largest oil reserves in the world, and entered into agreements with global energy companies to raise production to 12 million barrels per day by 2017.
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