Iraq plans to invite international oil companies to develop the Nassiriya oilfield in a bidding round later this year, a senior Iraqi government official said on Monday.
Pre-qualified Japanese companies will be invited to develop the field
Production at Iraq's Nassiriya oilfield is expected to hit 100,000 barrels per day (bpd) in 2014, Dhiya Jaafar, head of state-run South Oil Company (SOC) told Reuters on Friday.
The current output from Nassiriya is 10,000 bpd, and SOC&
Iraq's oil minister said on Sunday a group of companies led by Nippon Oil Corp was 'stalling' in negotiations to develop the Nassiriya oilfield and that a deal had to be done by January 24 or Iraq would go it alone.
Japan's Nippon Oil Corporation and partners have a good chance of winning a contract to develop the Nassiriya oilfield but negotiations are continuing over the financial terms of the project, Iraqi officials have said.
Japanese state b