InfoAnda - S.Korean firms fail to qualify for Iraq oil fields

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.S. targets Mexican drug lord's Belize associates | | 7 August 2012
Seoul court injunctions over FX options a concern-ISDA | 1 April 2009
Obama to unveil Afghan strategy Friday: White House | 27 March 2009

Japan finance minister pushes BoJ over deflation | 23 February 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : S.Korean firms fail to qualify for Iraq oil fields

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: S.Korean firms fail to qualify for Iraq oil fields Reuters - Saturday, April 4 By Angela Moon SEOUL, April 3 - State-run Korea National Oil Corp and SK Energy <096770.KS> said on Friday they had failed to pass the pre-qualification process for oil exploration rights in Iraq. The firms said they were not informed of the reasons, but some industry sources and a report from Baghdad said it was due to their involvement in Iraq's autonomous Kurdish region. KNOC and SK Energy said their investments in the region would not be affected. "We weren't notified of the reason but we will continue our investments in the Kurdish region," said a spokesman at KNOC, when asked if the Kurdish deal had hindered the qualification process. SK Energy also reiterated that it will keep its investment in the region, minor compared to KNOC, but will not make any further investments without approval from the Iraqi central government. Baghdad was angered by the firms sealing a product-sharing contract with the Kurdish government for the Bazian oil fields in the autonomous region in 2007. Iraq's Oil Ministry has qualified nine foreign oil firms out of 38 interested parties for a second round of bidding for contracts in some of its prized oil and gas fields. The firms are Russian state oil firm Rosneft <ROSN.MM> and Russian mid-sized oil firm Tatneft <TATN3.MM>, Kazakh state-run KazMunaiGas [KMG.UL], Vietnam's Petrovietnam, Angola's state-owned Sonangol, state-run Pakistan Petroleum Ltd. <PPL.KA>, Japan Oil, Gas and Metals National Corp , Cairn Energy PLC <CNE.L> of Britain and state-run Oil India Ltd. [ID:nL1980436] Earlier in the day, an AFP report out of Baghdad said Iraq's Oil Minister had informed the South Korean Ambassador to Baghdad that KNOC and SK Energy will be excluded from bids to participate in oil development projects in Iraq because of their involvement in the Kurdish region. "For that reason, these two companies have been prevented from taking part in tenders. If these companies cancel this contract they will be able to take part in the next contract tender," the report said, citing a statement released after a meeting between Oil Minister Hussein al-Shahristani and Ambassador Ha Tae-yun. But Seoul's energy ministry said the comment was a reiteration of al-Shahristani's usual stance, adding a cooperation deal signed between the two countries would still proceed. Under the memorandum of understanding signed during Iraqi President Jalal Talabani's trip to Seoul in February, South Korea will provide Iraq with $3.55 billion in infrastructure in return for oil field stakes in its southern Basra region. "A South Korean working-level delegation is slated to visit Baghdad early this month to discuss details of the bilateral agreement," said the statement from the Ministry. The two firms could have another chance to participate in the next round of bidding for Iraqi oil field exploration rights. Korea Gas Corp <036460.KS> is currently the only South Korean firm with a licence to bid for an oil development project in Iraq. The right to sign independent oil deals with foreign oil firms has been a sore point between the Kurdish regional government and the central government, as the two sides struggle, sometimes publicly, for control of oil resources and territory. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Business House, Senate budget plans seen as wins for ObamaAP - 58 minutes ago MONEY MARKETS-Euro Libor/OIS spread at 6-month lowsReuters - 1 hour 15 minutes ago Turkey March CPI exceeds forecastsReuters - 1 hour 21 minutes ago Pimco says stock rally vulnerable given dataReuters - 1 hour 26 minutes ago BRIEF-Telenor gets notice of $1.7 bln Russian claimReuters - 1 hour 29 minutes ago Most Popular – Business Viewed Guantanamo 'soooo beautiful!' Miss Universe says Journalists get shock with 'sexy' White House call Global warming leaving its mark on polar bears Ex-AIG chief says problems 'not his fault' NKorea vows to attack Japan if rocket intercepted View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Friday, 3 April 2009
Protesters battle police ahead of NATO summit | International |
Mexico catches senior drug baron from Juarez cartel | International |
Palestinian kills Israeli in W.Bank settlement | International |
U.S., U.N. concerned about Afghan Shi'ite law | International |
Medvedev says U.S. can move on missile shield | International |
Judge rules Afghan detainees can sue in U.S. court | International |
Arrest of Sunni fighters sparks fear in Baghdad | International |
More than 200 migrants feared drowned off Libya | International |
Robot scientists can think for themselves | Technology |
Microsoft sees wide U.S. support for Windows Mobile 6.5 | Technology |
Page Not Found |
Disney warns cable on restrictive Web TV | Technology |
Clearwire plans Silicon Valley WiMax network | Technology |
Telcos say can help recovery if regulation eased | Technology |
Malawi government backs Madonna adoption attempt | Entertainment |
Kennedy Center honors Bill Cosby with Twain Prize | Entertainment |
BB King, Hancock, Black Eyed Peas booked at Montreux | Entertainment |
North Korea finalizing launch preparations: officials | International |
Groups see US troop surge harming Afghan civilians
Mexico catches drug baron as U.S. tightens border | International |
Police question Israeli FM
After G20, Obama to discuss Afghan plans with NATO | International |
2nd man guilty in Iran aircraft parts scheme
Thai, Cambodian troops clash near disputed temple | International |
U.S. to push hard for Palestinian statehood
US Congress passes 3.5-trillion-dollar budget plan
Israeli foreign minister questioned in bribe case
Obama to swap economic crisis for NATO
Iraq premier: No politics in Sunni crackdown
Journalists get shock with 'sexy' White House call
Palestinian kills Israeli teenager with pickax
China denies spies targeted Australia PM, Rio Tinto | International |
Foreign troops must better protect Afghans: NGOs | International |
OECD names and shames tax havens
Palestinian factions suspend talks without agreement
Suspected Nazi guard to be deported to Germany from U.S. | International |
Marijuana helps in battle against cancer: study
Arrest of Sunni fighters sparks fear in Baghdad
National Geographic film goes 'Inside Guantanamo' | International |
French police search BNP offices in Madoff probe
Israel FM quizzed on corruption claims: police
Fatah, Hamas adjourn unity talks
Sudan plans first general election for 24 years in 2010
US Congress passes 3.5-trillion-dollar budget plan
TVA agrees to pursue renewable energy purchases
Obama heads to NATO summit
RIM reports strong 4Q earnings
Disney warns cable on restrictive Web TV | Technology |
US senators seek to squash spam
Nazi guard Demjanjuk in last-gasp bid
US-TECH Summary
US military firms up supply routes for Afghan war
IBM cuts Sun takeover price: WSJ
Judge rules Afghan prisoners can sue in U.S. court
Palm seeking applications for Pre smartphone
Police clash with NATO summit protestors
Russia's Medvedev hails 'comrade' Obama
Gene-engineered viruses build a better battery
US army hands Iraq control of last anti-Qaeda fighters
Police teargas hundreds of anti-NATO protestors
Intel, GE team up on home health care technology
Robot scientists can think for themselves
Microsoft sees wide U.S. support for Windows Mobile 6.5
Clearwire plans Silicon Valley WiMax network
Microsoft sees wide U.S. support for Windows Mobile 6.5
Mobile phone calls on planes make slow take off in Europe
Springsteen opens tour with flawed but rousing show | Entertainment |
Furious auto race franchise gets its mojo back | Entertainment |
NBC's Boston affiliate says no to primetime Leno | Entertainment |
Manila says options limited for Red Cross kidnappers
Osbournes: Reloaded not firing on any cylinders | Entertainment |
Sri Lanka: troops take key village, kill 44 rebels
Golden Globes ditches time delay for 2010 | Entertainment |
Cambodian Thai troops exchange fire at border
Jon Lovitz opening Los Angeles comedy club | Entertainment |
Sci-fi parody never reaches comic stratosphere | Entertainment |
Tough laws against biker gangs passed in Australia
Aaron Eckhart going down Rabbit Hole with Kidman | Entertainment |
Freed aid worker rests after Philippines ordeal
Rosemarie DeWitt recruited for Company Men | Entertainment |
Web slowdown hurting Myanmar businesses
Cambodia's KRouge head of state appeals for bail
Bail set for ship captain in Australian oil spill
SKorean business seeks to free employee from North
Hand-foot-mouth disease kills 9 in China province
Kennedy Center honors Bill Cosby with Twain Prize
Seoul shares edge up; banks rise, defensives lag
S.Korea says not considering tapping IMF facility
SKorean big firms see profit sink amid slump
Vietnam telecoms firms approved for 3G: govt
China says manufacturing expanded in March
Asian stocks rise on G20 summit pledge
Man accused of stalking Jamie Foxx at Philly hotel
Indian markets closed Friday for holiday
Jon Lovitz opening Los Angeles comedy club
Mitsubishi raises output target for electric car
"Osbournes: Reloaded" not firing on any cylinders
Chinese forgers take aim at Japan's art market
'ER' operates on fans' hearts for last time
Taiwan dollar logs 4th up session, c.bank caps gains
Jazz star Laura Fygi to hit Singapore stage
"Furious" auto race franchise gets its mojo back
NBC's Boston affiliate says no to primetime Leno
Sci-fi parody never reaches comic stratosphere
Springsteen opens tour with flawed but rousing show
Rosemarie DeWitt recruited for "Company Men"
Inmates at Afghan prison can challenge detention: US judge
Luxembourg, Austria challenge tax haven listing | International |
Obama urges Russian cooperation on Iran
Sarkozy says France will take Guantanamo detainee | International |
South African to head U.N. rights inquiry in Gaza
US jobless rate jump to 8.5%
South African to head U.N. rights inquiry in Gaza | International |
RBS to axe more jobs worldwide
Women in Israeli govt? Not if Photoshop can help
Israeli police question foreign minister again | International |
Page Not Found |
U.S. forces say fired on Sunni force in Baghdad | International |
Blogs clash over whether Google could buy Twitter | Technology |
Murdoch says papers should charge on Web | Technology |
US Marine stood with gun over Iraqi: witness
Gene-engineered viruses build a better battery | Technology |
France mulls taking Algerian Guantanamo inmate: US
Robot scientists can think for themselves | Technology |
Internet calling companies ask EU to ensure free access | Technology |
Pakistan: Video of flogging stirs controversy
Cambodia says 4 Thai troops killed in border clash
Madonna appeals Malawi court ruling on adoption | Entertainment |
Malaysia's new PM to free detainees
Japan aims for walking robot on the moon by 2020
Cambodian, Thai troops exchange fire
National Geographic film goes Inside Guantanamo | Entertainment |
Candidates picked for Mongolia presidential ballot
Afghan battle kills 12 militants, 1 civilian
Korean SK yet to cancel oil deal with Iraq's Kurds
North Korea finalising launch preparations
Asia looks to G20 credit pledge to revive trade
Australia jails Indonesian for people smuggling
J.C. Penney to launch Cindy Crawford home goods | Entertainment |
Man given 10 years for insulting Thai monarchy
Pakistan eyes $30 bln help from "Friends" group
S.Korean firms fail to qualify for Iraq oil fields
Daewoo extends Myanmar oil, gas field exploration
Japan stocks rise on global recovery hopes
Indonesia cuts interest rate by 25 basis points
Vietnam selects companies for 3G mobile services
US-ENTERTAINMENT Summary
Carlos Santana wishes Obama would legalize pot
Woody takes Manhattan again in `Whatever Works'
China to screen 2 Nanking Massacre movies in April
Malawi court rejects Madonna adoption request
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01