Gas deals make progress

Kogas has initialed the disputed Akkas deal, and the Siba and Mansuriya contracts will be finalized Sunday, though Shell’s Basra venture continues to languish.
Representatives from the Korean Gas Corp. attend a signing ceremony for the Akkas gas field on Feb. 24., an event which was derailed by last-minute disputes with provincial leaders over the contract terms. The Akkas deal was finally signed Wednesday in a closed-door ceremony at the Oil Ministry. (BEN VAN HEUVELEN/Iraq Oil Report)

BAGHDAD - In a closed-door signing ceremony on Wednesday, Iraq’s Oil Ministry initialed a long-delayed deal with the Korean Gas Corp. (Kogas) to develop the Akkas gas field in Anbar province, and announced that two other gas field development contracts will be finalized on June 5.

Oil Ministry and company officials said that Iraq’s Cabinet has approved the contracts to develop the Siba and Mansuriya gas fields, paving the way for those deals to be signed on Sunday. Meanwhile, the Akkas deal will now proceed to the Cabinet for review.

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