Iraq Says Signed Contract With Kogas to Develop Akkas Field

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Iraq signed an agreement with Korea Gas Corp. to begin developing the Akkas natural-gas field, an Oil Ministry official said, ending seven months of delays in progress at one of the country’s biggest deposits of the fuel.

Representatives of Korea Gas and Iraq signed the contract today in a ceremony closed to the media, Sabah Abdel Kadhim, the deputy head of the Oil Ministry’s licensing department, said in a telephone interview from Baghdad.