PHOTO
Image used for illustrative purposes, employee walks at Mashivske gas field 400 km (248.5 miles) east of Kiev, December 23, 2008. The Russian gas export monopoly Gazprom has threatened to cut off gas supplies to Ukraine, saying it must pay off debts of $2 billion by the end of the year. Ukraine's state energy company, Naftogaz, said it no longer had any arrears for imported gas and warned it would be difficult to ensure the transit of gas through its territory to Europe if Russia cuts supplies. Picture taken December 23, 2008. REUTERS/Konstantin Chernichkin
Iraq intends to launch 10 gas exploration blocks for investment in a new licensing round, Oil Minister Hayan Abdul Ghani told Iraq News Agency.
The Oil Ministry plans to offer these gas investment opportunities to American companies, he added.
The fifth and sixth licensing rounds included 29 blocks and fields, with contracts awarded on 14.
The minister said Iraq has started drilling an exploratory well in the Al-Anz block with a capacity of 1,000 cubic metres. He also disclosed that a new associated gas project will be launched in the Al-Faihaa oil field by the end of the year.
(Editing by Anoop Menon) (anoop.menon@lseg.com)
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