Iraq to hold oil deal roadshow in Turkey Aug 25 - Reuters

BAGHDAD (Reuters) - Iraq will hold a roadshow for oil fields on offer in its second major energy auction on August 25 in Istanbul, a senior Iraqi official said on Sunday.

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Abdul-Mahdy al-Ameedi, deputy director general of Iraq's contracts and licensing directorate, said 45 firms qualified to bid for contracts to develop some of Iraq's vast oil fields had been invited. Iraq has the world's third largest reserves. Iraq's first bidding round for contracts was held last month, giving major firms a chance to compete for Iraqi oil and gas fields for the first time in decades. But only one of eight fields on offer secured a developer, a group led by BP ( BP.L ).

Full Story: Iraq to hold oil deal roadshow in Turkey Aug 25 - Reuters