Iraq has extended to Feb. 18 its invitation for international oil companies to submit registration documentation to bid for participation in the development of some of Iraq's prized oil fields, the Oil Ministry announced Tuesday.
Early this month, the ministry asked companies to submit by Jan. 31 all necessary registration documents to allow them to bid for the oil fields development.
Iraqi oil officials said recently they hoped to issue tenders to develop the country's vast oil fields at the beginning of 2008. They said the Oil Ministry was preparing contract models for the first group of oil fields.
Iraq
, the holder of the world's third-largest crude oil reserves with an estimated 115 billion barrels, aims to boost crude production to 3 million barrels a day by the end of this year.
The Iraqi parliament is currently considering an oil law to divvy up the country's oil and gas among Shiites, Sunnis and Kurds - one of the benchmarks sought by the
U.S.
to achieve national reconciliation
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