FINANCIAL NEWS

Iraq to invite bids for 2 oilfields in Karbala

13 May 2010

(MENAFN) Iraqi Oil Minister Hussein al-Shahrestani stated that the government will invite international companies to develop two oilfields in Karbala, Aswat al-Iraq reported.

The minister, while addressing a gathering while opening a residential compound in Karbala, said that work in the Karbala oil warehouse suffered a delay, due to its millions of visitors.

Karbala has two oilfields; al-Kafl and al-Murgan oilfields near al-Razaza lake, 15 west of Karbala, he said, noting that the ministry will invite international companies to invest in these oilfields.

It is worth mentioning that Karbala is 110 kilometers southwest of Baghdad.

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