Korea Gas Corporation (KOGAS) revealed that it presented to the Korean government a plan to sell a part of its share in Akaz gas field in 2015 or later.
The National Investment Commission announced that Iraq is seeking to establish an Iraqi Public Sector Investment Bank which will contribute in funding major infrastructure projects and employ the revenues of private sector companies.
Maysan Oil Company announced that its annual production of crude oil last year 2013 reached more than 83 million barrels, indicating that its seeking 1 million per day on 2017.
Petroleum Contracts and Licensing department in Ministry of Oil announced of postponing the Nasiriya Integrated Project licensing round to next June 2014.
Maysan Oil Company officials predicted that oil production from the company’s oilfields will reach about one million barrels per day at the end of 2016.
The Iraqi ministry of oil announced that Al-Nasiriya Integrated Project Petroleum Licensing Round will be conducted on January 23rd 2014.