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| Today: 09 February 2010 Time: 09:54 PM |
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| Six million barrels of Iraqi crude oil up for grabs |
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| Power & Materials 12/25/2007 5:38:00 PM |
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BAGHDAD, Dec 25 (KUNA) -- Iraq has set up for auction six million barrels
of crude oil from the city of Kirkuk up for grabs on January 15.
The bidding deadline is December 31, A spokesman for the Iraqi oil
ministry, Assem Jihad, told KUN on Tuesday.
Jehad did not reveal if Iraq had steeled the bids for a previous auction
for selling other six million barrels that were slated for December 31.
He noted such measure adopted by the ministry has been beneficial from time
to time, particularly when the ministry attempts to collect five to six
million barrels and set them up for auction.
In recent months, the regular selling of Iraqi crude oil through pipelines
stretching from northern Iraq to Turkey's Jihan port have contributed to the
increase of Iraqi oil production, Jehad added. (end)
mhg.mb
KUNA 251738 Dec 07NNNN
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