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Sinopec bid to take part in Iraq oil deals rebuffed
November 22, 2009 / 12:06 PM / 8 years ago

Sinopec bid to take part in Iraq oil deals rebuffed

BAGHDAD, Nov 22 (Reuters) - China’s Sinopec Corp (0386.HK) sought to pay participation fees to bid for oilfields on offer in Iraq’s second bidding round but was rebuffed, an official with the Iraqi Oil Ministry said on Sunday.

“Sinopec asked to pay the participation fee to get the data package but we refused due to the deals they have with the Kurdish Regional Government,” said Sabah Abdul Kadhim, head of the legal and commercial section of the Petroleum Contracts and Licensing Directorate.

Abdul Kadhim said more than 40 global oil firms ended up paying participation fees ahead of the Nov. 20 deadline for the Dec. 11-12 auction, in which 10 largely undeveloped oilfields will be up for grabs. (Reporting by Ahmed Rasheed; Editing by Michael Christie and Jon Loades-Carter) ((michael.christie@thomsonreuters.com; +964 7901 917 030; Reuters Messaging: michael.christie.reuters.com@reuters.net))

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