Iraq Selects Seven Firms to Bid for Nasiriya Project

Source: Reuters 3/12/2013, Location: Middle East

Iraq has selected seven international oil companies (IOCs) to bid to develop its Nassiriya oilfield and build a refinery as part of plans to expand the country's downstream operations, the oil ministry said.

Fourteen companies took part in the prequalification for the integrated development Nasiriya oil field and construction and operation of a new 300,000 barrel per day refinery. After years of war and sanctions, Iraq aims to produce 5-6 million bpd of crude by 2015 against a current output of 3.4 million bpd, the highest in three decades. Each of the following seven companies will receive a letter of invitation to bid for the project:
1- Russian Zarubezhneft Company
2- China's CNPCI Company
3- American Brown Energy Company
4- Indian Reliance Industries Company
5- Russian Lukoil Company
6- French Total Company
7- Japan's JGC & Tonen General Company.

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects


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