Statoil Won’t Participate in Iraq Bidding Round for Gas Fields
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Statoil ASA, Norway’s biggest oil and gas producer, won’t participate in Iraq’s bidding round for gas fields, spokesman Baard Glad Pedersen said on the phone today.
“Our focus now is to develop West Qurna 2, one of the world’s biggest oil fields, with Lukoil and we don’t plan to participate in the licensing round for gas fields next week,” Glad Pedersen said in a subsequent e-mail.