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OVL qualifies for oil and gas contracts in Iraq
New Delhi, April 15, 2008
ONGC Videsh Ltd, the overseas arm of state-run Oil and
Natural Gas Corp, on Monday qualified to bid for oil and gas
contracts in Iraq to develop one of the world's largest oil
fields, a company official said.
OVL is the only Indian company in the list of 35 firms that
the Iraqi government, headed by Nouri al-Maliki, has found to
be eligible for bidding for the contracts, the official said.
The list contains four Chinese firms – CNOOC, CNPC, Sinochem
and Sinopic Group. It also names seven energy majors from US,
including Chevron, Conoco Phillips, ExxonMobil, Marathon and
Occidenal Petroleum.
Reliance Industries had not participated in the qualification
round after Baghdad threatened to blacklist the firm for
signing contracts for two oil blocks with Kurdistan regional
government.
BG group of UK, ENI of Italy, Inpex of Japan, KOGAS of Korea,
Lukoil of Russia, BHP Billiton and Woodside of Australia,
Mitsubishi Corp of Japan, Petronas of Malaysia, Pertamina of
Indonesia, Repsol of Spain, Shell, Statoil Hydro of Norway,
and Total of France were also among the qualified companies.
The official said in all 120 companies had sought to
pre-qualify for the first Iraqi licensing round after the fall
of the Saddam Hussein regime.
OVL already has license for Block 8 in Iraq and as such was
qualified even before the announcement by the Iraqi Oil
Ministry.
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