Iraq says close to deals on first round oilfields

BAGHDAD, Oct 13 (Reuters) - Iraq is in the final stages of negotiating deals for oilfields left over from a June energy auction after oil majors put forward new bids for production targets and accepted Iraq's fee terms, a top official said.

Oil Minister Hussain al-Shahristani told a news conference on Tuesday that ENI (ENI.MI: 行情), Occidental (OXY.N: 行情), and KOGAS (053000.KS: 行情) had proposed a production plateau target of 1.125 million barrels per day (bpd) for Zubair oilfield and had agreed to a fee of $2 per barrel.

He also said a consortium of LUKOIL (LKOH.MM: 行情) and ConocoPhillips (COP.N: 行情) was competing against Exxon Mobil (XOM.N: 行情) for West Qurna, Phase 1. The LUKOIL group had propsed an output target of 1.5 million bpd, while Exxon had put forward a target of 2.1 million bpd. (Reporting by Ahmed Rasheed; writing by Missy Ryan)