Akkas Gas Deal Delayed Again

The long-awaited signing of the deal to develop Iraq’s Akkas gas field in Anbar province has been delayed again.

An Iraqi Oil Ministry spokesman said it was delayed because of disagreements about what the local government gets from the deal, according to Associated Press reports.

An initial agreement to develop the 5.6 trillion cubic foot Akkas gas field in Anbar province was due to have been signed on Thursday in Baghdad.

A consortium led by Korea Gas Corp. (KOGAS) along with Kazakhstan’s KazMunaiGas bid in October to develop the field.

But after hours of delays as reporters waited at the Oil Ministry, spokesman Asim Jihad told The Associated Press that the signing was postponed because officials in Anbar province want more control over how the revenue is spent.

Anbar officials protested on the day of the auction, saying they wanted more jobs from the deal.

(Sources: Associated Press, Reuters)

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