For Nassiriya oil project, Iraq to hold an auction by the end of 2014

25/10/2014

Oil ministry spokesperson of Iraq, Assem Jihad, said that Iraq's oil ministry will hold a bidding round to develop its southern Nassiriya oilfield and construct an associated refinery before the end of 2014.
In June, the ministry said it had delayed bidding for the project to develop the 4 billion-barrel oilfield and construct a 300,000 barrel a day refinery, in order to complete technical and administrative preparations.
He mentioned, "The ministry will hold the licensing round at the end of this year and we are in the process of preparing for this."
Iraq had shortlisted seven international oil companies to bid for the Nassiriya Integrated Project, including Russia's Lukoil and France's Total.

Last Update:: 25/10/2014

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