"Law of Private Investment in Crude Oil Refining"

 "Development and Production Service Contract"

 "Technical Service Contract"

 "General Information for service contracts"

 "SOMO'S MEASUREMENT POLICY"

 "Announcement for Pre-qualification

 of The Second Bidding Round"

 "Extension for Pre-qualification

  of The Second Bidding Round"

The Ministry of Oil signs the Contract to rehabilitate MAJNOON oil Field in its final form.

The Iraqi Oil ministry signed a contract in its final form to rehabilitate Majnoon oil field which was awarded to Shell and Petronas oil companies according to the Second Licensing Round and certified it by the council of ministers.

    Dr.Hussain Al-Shahristani the Minister of Oil said in a press conference after signing the contract that he expects an increase in the annual income to reach 200 billion dollars a year.

    From his side, Vice President of Middle East and North Africa for the Shell company Mounir Bou Aziz expressed the cooperation between his company and the south oil company and the price that was agreed on which is 1,39 $/barrel for the investment of Majnoon oil field. At the same time the general manager of Petronas oil company Ahmed Sayed expected that the increase in oil production will be to the maximum energy possible for the next 20 years.

    It is noteworthy that the Majnoon field contains 11 oil reservoirs with depths ranging between (1000 - 4200) m and its oils are diversified between heavy, medium and light and expected to produce (700)thousand barrel/day and this oil field contains 15 oil wells in the explored southern side. And the coalition of companies Shell and Petronas made a presentation at (1.39) dollars per barrel and the height of production is (1.800) million barrels/day, which has received approval from the Ministry of Oil, among the offer of the coalition's TOTAL and CNPC which rated (1.75) dollars per barrel and the production peak is (1.45) million barrels /day.