Feb 14 (Reuters) - Iraq has proposed to sweeten the terms of the service contract it is offering to international oil firms to boost output at its biggest producing oilfields.
The following lists some of the changes in the 20-year contracts proposed during a three-day workshop Iraqi officials hosted for oil firms in Istanbul that ended on Saturday.
BIDDING
There will be three items for oil firms to bid:
- A short-term improved production target at the oilfield to be reached 18 months after the contract takes effect.
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